- D LEG ON BAT PATTERN COMPLETED - CONFLUENCE WITH TREND LINE AWAITING A BEARISH MOVEMENT TOWARDS SUPPORT
FX:NZDCAD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe trades; open.spotify.com
tightening range, clumping moving averages, volatility
Ema shows a bearish trend adding confluence to the bearish bat pattern.
bullish bat on nzdcad daily. entry zone it was also a support/resistance zone in the past. really good RR entry on 0,86984 SL: 0,85562 TP1: 0,90342 TP2: 0,92397
FX:NZDCAD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1...
$NZDCAD created a bullish Wolfe Wave in the 4hr time frame. The structure completed at 5' so we are looking at the Off-Set rule at point 4 as a target. Happy Trading.
D1/H4 hit resistance zone H1 already broke trendline and now forming LL > LH Wiating for H1 rejection candle!
Qualifiers MIDAS Support Curve S1 TD 9 Price Flip OBV Divergence Demand Zone Momentum Oversold + Divergence (Stochastic 5,3,3)
Thought I'd try keep up my namesake and post an NZD idea. Looking to re enter another short position catching upswing volatility around / during / after announcement (circle area )- so I can keep my stops tight. Not too worried that I will miss this trade. Hoping for a double top at area where MA 50 and MA 200 squeeze together around recent resistance just below...
Here we have a clear example know as a break and retest where previous support no became resistance. A break and retest of the black trendline is also on the cards with price making a 3rd bounce and lower high of the blue trendline.
This chart is significantly interesting for a variety of reasons. On a technical and fundamental basis I think we can expect NZDCAD to sell off in the intermediate to long term, and right here we have the perfect excuse to join in on this action as a position trade. The entry is a discretionary entry, below the previous monthly close, in case next month, we stay...