Here we got the NZD/USD pair that has a bullish candle on the monthly and 3 consistent weekly bullish candles. Will be aiming to go long on this pair for the entire week until target hits. This pair did a 38.2% retracement and it will most likely hit the 1.618% extension if everything goes according to plan.
It's just a quick breakdown of how I do my top down analysis, where I start from the monthly time frame and work my way down to the hourly time frame. Hope this helps for you guys and I hope you guys also enjoy this video.
Sorry, there's a bit background noise since I am sitting in the coffee shop here while i am traveling. But, I hope you guys enjoy my analysis for the USD/CAD here. This pair has been making some really nice move now, and I can see it continue to make more bullish moves.
The pair has now shifted its direction and we could potential see a nice a trade to the up side. Best is to wait for the pullback before getting yourself a nice entry.. We got a big divergence on the bigger timeframe as well. There's 2 possible trades, 1 short term and 1 long term.