NZDCAD seems to be shaping a nice bullish wedge at a long term support zone. Now the tricky part is, there is potential for a double bottom as well now, so maybe it won't reach the low of the wedge anymore. But instead of guessing, i am going to watch it coming week. Sometimes with a big double bottom pattern like this, with the sharp drop it made, we see a good...
NZDCAD A Great Potential BUY SETUP !
I do Myself Believe The NZDCAD pair may find support at it Main Support Level .
- It may bounce up For a Buy position
-After BOC interest cut , Maybe There a great buy potential , it seems like CAD will be bearish after interest cut ! !
NZDCAD BUY SIGNAL : )
NZDCAD BUY LIMIT @ 0.86510
SL @ 0.8600
TP 1 @...
The main chart shows the monthly TF of NZDCAD pair from which it is visible that the pair is confined in a triangle. The red horizontal lines represents the concrete support and resistance levels drawn from the monthly charts. Should the triangle break (the monthly candle closing outside the triangle) we could potentially see the price target those red horizontal...
NZDCAD / H1 / Technical Chart
Formation:Resistance line Breakout Strategy
Risk Management: Fixed Lot Size
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If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
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READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
There is unconfirmed double top and unconfirmed dragon pattern at nzdcad. dragon pattern targets will be clear after the closing of an hourly candle under the red trend line. I will enter the position with the confirmation of dragon pattern. closing a candle on the resistance will be my stop.