Get started

Nzdcadlong

NZDCAD - Potential Bat Pattern on H4 ChartMy previous idea on the bullish bat pattern spotted on daily chart has reacted but has not hit TP1. Another bullish bat pattern is about to complete soon on H1 chart , but I might not be awake to update this idea. RSI is at oversold level already, I will still wait for pattern to complete before making my next decision. R:R at 1.3 (TP1) and 2.2 (TP2). Might actually be a good long entry for traders who did not long NZDCAD previously, do check out the related idea below.
Long
by lyl89
NZD/CAD long setupNZD/CAD has held major trendline support at 0.8740 in last week's trade. The pair has edged higher to break 20-DMA resistance at 0.8922, bias higher. Technical indicators support upside in the pair. RSI and stochs are biased higher and MACD is showing a bullish crossover on signal line. Close above 20-DMA raises scope for upside, next major resistance seen at 0.9010. On the flipside, 20-DMA at 0.8922 is immediate support, we see weakness on break below. We evidence bullish divergence on RSI and Stochs which adds to bullish bias. Support levels - 0.8922 (20-DMA), 0.8876 (5-DMA), 0.8755 (trendline) Resistance levels - 0.8980 (23.6% Fib retrace of 0.9758 to 0.8740 fall), 0.9015 (trendline), 0.9113 (Aug 29 high) Good to go long on break above 0.9015, SL: 0.8920, TP: 0.91/ 0.9140/ 0.9170.
Long
by FxWirePro