After that massive impulse in the 27th of March we have been looking for the perfect opportunity for a long position, however, our support levels didn't match, until now.
What we are looking for here is an H4 rejection in one of our support levels.
Give this trade some room because it can take a little bit to reverse, we can still see a move to our...
Bullish Bias on this Pair.
Expecting an impulsive Bullish
KEEP AN EYE ON THIS ONE.
Dont miss it.
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NZD - bottoming now and currently gaining upwards momentum, possible continuous bounce up to 61.8 fib esp 10-year seasonality for NZDCAD favors it being bullish this coming June
CAD - will take some time to clear out the glut in oil inventories (oilprice.com) hence the recent slide, but still must be...
This is a buy against the trend while I wait for a possible retest at the weekly support.
Good risk to reward ratio.
I entered the trade after the retest at support with an H1 bullish pinbar candlestick.
Posible formación de patrón armónico
A la baja para posible llegar al nivel 61.8% y luego ir en compra
MACD en nivel inferior para cambio de dirección a tendencia alcista
RSI y STOCH en nivel de sobre venta
-NZDCAD showing signs of strong bullish divergence on the MACD. It just reached a support level and is retesting the divergence trendline on the MACD. We may see momentum shift to the upside!
*Trade safe and at your own discretion!*