SimonVerlinde

NZDCAD LONG

Long
OANDA:NZDCAD   NZD/CAD
Weekly/
- Bullish candle close
- Bullish market structure
- Smaller Inv H&S

*W BOC just not touched that aligned with selling zone
*If price retraces corrective a long set-up is still valid

D/
- Bullish
- Inv H&S with Bullish M
- S&D zone is based on the reversal pattern
- S&D zone also has support and resistance
- Corrective PA with -68 FC in daily zone

4H/
- Bearish
- Corrective PA with 5 leg -68 FC
- 4H Reverse point is on clear S&D zone
Comment:
Early entry was valid due to 4H criteria matched!

W/
- Inv H&S (+)
- Bullish Driver (+)
- Bearish candle close (-)

D/
- Bullish
- Bullish M
- IC as S&D zone in on the D61.80
- Corrective PA (-27 FC aligns with S&D zone)

- No clear reversal pattern has been formed but we find liquidity with the right confirmations on bullish M

4H/
- Bearish
- 5 leg -27 FC
- Deceleration entry just not tagged in
- Bullish M
- Would be 1,3% netto due to daily structure against us (3,33% bruto)

*Spreads due to FOMC were heavy and it was an BE trade for me


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