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analitykFX
Dec 23, 2016 9:44 AM

NZDCAD - downtrend in play Short

New Zealand Dollar/Canadian DollarFXCM

Description

Put sell limit around 0.9400 for next bearish impulse.

Price heading to 0.9000

Comment

so far so good

Comment



+150 pips now
Comments
Trader_Dale
Thanks for your great analysis!
Here is my view on NZD/CAD if you are interested:

Based on Market Profile (volumes) and Price Action are three very strong resist/support zones. All of them were created with heavy volumes of big players - you can see it on the Cummulative Volume on the right side. The closest level: 0.94426 is placed on the biggest volume of the year (Point Of Control). The biggest volumes of the year were placed there and moved the price agressively lower. This is definitely the place I would like to go short!

There are more Market profile swing and intraday analysis at my profile page. You are very welcome there!
Dale
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