FX:NZDCAD   New Zealand Dollar/Canadian Dollar
22 0 1
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.

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