Strong HTF support on BTC. It’s taken stop up and down and if its got to up, its probably from here or we go short.
I’m looking for one more bear market rally before anything else, so lets see if this plays out. Decent RR, good consolidation. I don’t really see the strength in this signal, but I have a clear region where I’ll be wrong so my risk is define and...
It is not nzd but it was cad index. here is what I wanted to share instead. apologies for that error. Even though both look bullish, fundamentally zxy is stronger than cxy. So, for nzdcad I will still be looking for buys. I hope this did not affect anyone and I will be extra vigilant next time.
ZXY as seen on the Weekly time frame is same as the Monthly time frame on the current situation.
price is heading to the bottom of the trend line and Monthly + Weekly Demand zone.
A long opportunity should be considered here.
The ZXY is currently weak as we can seem how other pairs have been bullish against her.
Now the New Zealand Dollar Index is close to the bottom of the downtrend heading to the demand zones.
The bulls may come in with full force.