Daily & H4 timeframes show a nice ABCD structure forming, We've seen a head and shoulder pattern form at the 1.618 level and a break and retest of the neckline. Price currently creating lower highs and lower lows and has just formed an evening star.
Use this analysis to maximize your profits of next week🐐✍️
Recently broken out of resistance. RSI Divergence suggests price will fall soon. Buy on bullish reversal candle at support line.
After a deep look at today's fundamentals and the currency indexes to show me the best ascending and falls currencies. For today the NZD is one of the worse performance, so I looking the NZD pairs to spot an entry against it. The best pair that let an awesome price action signal is the NZDCAD, that let many downside channels structures, a previous broken trendline...
NZDCAD 4h Chart Pattern -Head & Shoulder -Price retraced @ neckline Candlestick Pattern -Bearish pin bar -Bearish Engulfing =Sell
NZDCAD is has been creating lower lows and lower highs indicating bearish structure in the market hence will be looking for shorts. Price is rallying back to an intraday level (top blue area) on the 1 hour chart where bears might be sitting and that's where I will be looking for sell opportunities. The grey mid-level area is where I anticipate price to exhaust...
Eyes on crude. If crude falls, this trade is unlikely to develop
We see a confirmed head and shoulder with bearish push currently... I'll be looking to initiate short positions now and let this swing on!
I thought the Cad was stronger but i was probably wrong. New York Forex is about to open and on NZD which is a long term buyer, there seems to be enough sellers to buy from. i am anticipating the buy at the same spot where i am selling cadjpy.
Hi dear traders . As its clear we were waiting for shifting from bullish to a bearish . now its time to sell .the head and shoulder pattern has completed and rejected from 61.8% fibo . Thanks for your time . This is my point of view of current market , and you can analyze the chart before taking any action . let me know your comment below and leave me a like if...
We have an head and shoulders and a retest at our trend line
NZDCAD formed Head & Shoulder pattern. We can see a down move on this pair
Sell on break below horizontal support.... Potential long continuation on break above triangle pattern. however for now we would like to look for potential short setups.