It's my favourite setup : 130 pips with potential to fall 300 pips to the next monthly supp which is 1.4600 Wait for 4h retest of 1.45789 .
TL: Broken, Watch for 73.240 if broken next target of supp is 72.624 Weekly Bullish Engulfing 4H TimeFrame
81.640 Buy Zone. 8 Month TL: Broken. Weekly Bullish Engulfing. Trend IS Up.
1.3288 Resistance Level, lot of shooting star Daily, 61.8% FiB. Target 1.31000
Target 0.83000. Reasons why NZDCAD will fall : Daily shooting star, 4h not a single candle that can be trend changer. An entry now would be perfect, the sencond entry after it breaks and retest 0.8400
Guys in trading to get that bigger picture you have to see the monthly candle closer, and if you can see the monthly closer on EURNZD you can see that is a 3 pin bar ( Evening Star potential further upside for the coming month) If we see Weekly we can see that we have a rejection from 1.7605 ( Daily multiple rejection). If we see Daily we have a morning star...
It clearly shows that it can't make new highs, down we go.
We can see clearly that we have a lot of wick rejection in that trendline and potential head and shoulder 4h.
Take Profit 1.5850. An entry now is priceless. You can make another entry when it breaks that bottom of Doji Candlestick Daily that It has made. Stop loss is 22 pips 1.60102.
We can see clearly that 75.433 is holding very very good, if we look daily we can see that have a big hammer, they pushed the price below this key level (for me) and we broke that supp with a big bearish marobozu but we managed to go upside again, that means that they don't want the price below that point. Always remember to visualize, to predict how the weekly...
We can see clearly that 109.644 is a Daily Key level where the sell orders were made and Chf smashed that level I look for A retracement around that level to sell it from there. Trade safe guys.
We can see clearly that 0.69640 is a level where the sell orders were made, we managed to close daily as A big Hammer which means that the price will climb higher, A good entry is 0.69610 with tight stop loss, we have to gain some space to break that level were the sell orders were made. My tp is 0.69929