FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Up trend prior to form Head and Shoulder. Tested the neckline (Resistance) for the fourth time. Money Flow Index divergence. Entry: With good price action candlestick. TP: 0.90, SL: 0.97. Trade invalid if breakout with high volume. Last week candlestick was a movement without volume support. 459K compared with 743K (The week before). A nice fibo ratio if you calculate (Just pure coincidence). According to Bill William theory, Blue bar - Market Facilitation Index indicator is up, volume is down. The movement is continuing although the volume has dropped. The trend will soon be reversing.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.