NZDCAD ( UNDER DOWNWARD PRESSURE )
NZDCAD
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency the price closer a resistance trendline and trade below turning level, indicating the price is under bearish pressure
- TURNING LEVEL : a blue line a round 0.837 , which indicates two conditions , the first conditions until the price trade below 0.837 reach a support level , the second conditions the price breaking 0.837 , the price reach a resistance level
- RESISTANCE LEVEL : a green lines inside a gold rectangular , an area created above the turning level , the gold price area for the resistance level around 0.842 , when it is created the price by open 4h candle above turning level , selling have already increase at this level
- SUPPORT LEVEL : a red line , an area created below turning level , the gold price for the support level around 0.832 , buying have already increase at this level
- PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 0.837, it will attempt to reach support level at 0.832 , then stable below this level reach 0.828 , if the breaking this level the price trying to reach a resistance level at0.842 ,by open 4h candle above this level reach 0.847
TARGET LEVEL :
- RESISTANCE LEVEL : 0.842 , 0.847
- SUPPORT LEVEL :0.832 , 0.828
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