The pair is making a four top on the monthly. NFP didn’t close above the resistance so it must have made a monthly high. Logical lookout is sell, so now we look for sells on a lower timeframe based on a higher timeframe support and resistance levels. In this case I use swing highs and swing lows from the Daily and H4 chart.
We can see here that the sweet spot of...
Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential short position for at-least 600 Pips, It has a potential for 900 or more pips, the minimum expectation is 600 Pips from this trade !
This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points.
.TP & SL are mentioned in the...
Reversed at turncoat area, heading down now with a broken trend line. we may or may not have a pull back to retest the trend line, SL should be in Turncoat area, TP not given, you should monitor and watch for price action.
The price has reached back into the resistance area at 0.9569-0.95490. bearish as long as the resistance at 0.9569 remains intact. As intraday trading strategy, you must get bearish signal confirmation by trading below 0.9458 with potential target at 0.9239-0.9203.
NZDCAD has a bearish convergence on the H4 chart, what we need now is a retrace in order to join the sells.
Therefore we go to the lower TF and try to sell when price is bouncing on the red TL. Sell after a bearish candle pattern and/or divergence in order to join the second part of a double wave cycle.
TP 0.8699
SL 2 pips + spread above last high after price...
