The price of this currency pair of growth until a certain point, until it reached the level of resistance. The price will fall, but there is one condition. Price Should break through the key level and enter the sell zone. If this happens, then you can sell, otherwise it is pointless. Good luck to you! If you liked this idea, please like and subscribe to my...
Watching that area closely marked by the arrow. Expecting a minor correction phase to begin. Comments, ideas, suggestions, etc are welcome. Forex Guru Wealth Academy
nzdcad first long then short for third touch
NZDCAD H4 - Very similar to AUD, NZD is on fire at the moment, outperformers again, still just trying to anticipate a pullback, a retest of the marked region would be a safe entry point with justified RR and stoploss positioning.
NZD/CAD make a sell pattern . NZD/CAD make a bear flag pattern and break out support level.
Firstly we broke out of h&s pattern and now have a negative retest of the broken neckline. So entering a short with a stop-loss above the 0.89176.
I am placing this sell limit order because I believe this pair will want to respect the descending channel. Now that we have broken the small ascending channel and have come back up to re-test the structure and the 0.618 Fib, I believe we will see a small downtrend emerge. The sell limit has been placed between to 0.618-0.786 Fib in an attempt to get a wick entry...