NZDCAD LONG Possible and Logical trade
Updated
Logical analysis :
The Market always repeats itself .... the history always repeats itself
1 we have a strong support area where the currency pair rose
2 oversold area on the RSI ... And the currency every time comes to this area rises
3 the divergence ro reflect the trend
3 a gab that has not been filled yet
and by looking to the past we can see the same thing in the same area
1 gap 2 an area of resistance that became a support 3 a divergence in the same area
We have the same reasons that led to the currency appreciation in the past
we can go LONG after any confirmation
Remember the Market always repeats itself .... the history always repeats itself
happy trading everybody ... and ALWAYS trust your analysis and your plan ... good luck
Comment your analysis
The Market always repeats itself .... the history always repeats itself
1 we have a strong support area where the currency pair rose
2 oversold area on the RSI ... And the currency every time comes to this area rises
3 the divergence ro reflect the trend
3 a gab that has not been filled yet
and by looking to the past we can see the same thing in the same area
1 gap 2 an area of resistance that became a support 3 a divergence in the same area
We have the same reasons that led to the currency appreciation in the past
we can go LONG after any confirmation
Remember the Market always repeats itself .... the history always repeats itself
happy trading everybody ... and ALWAYS trust your analysis and your plan ... good luck
Comment your analysis
Note
1 move your SL to break even 2 you can take 1/4 of your profit
3 we had H&S in the 4H TF that is good for us and that si support my analisis
4 be carefull if the price arrive to 0.8492
Note
i will take the other 2/4 now form my profit ..... storge area i am still holdingNote
we broke above the 0.8492 ... and we still have a HH and LH that mean we still in the trend .... holding it to the first target ... good luck
Note
if the price break under 0.8451 i prefer to colse the long ... good luck
Note
the target did not broke 0.84512 as i said if it broke it leave this trade it just touched it and then fly to the up now hold your postion to the 1 target ... good luck
Trade closed: target reached
target 1 hit 315 pips ... holding to the next target and maybe more .. happy tradingNote
H&S on the 1D .... we mayy get the 2 target and more than it .... holding for 1500 pips ... happy trading
Note
i think this is the bottom .... we catch the up trend 0 pips to the oposite side
happy trading .... keep going on this on
Note
we broke a strong resistance and the 1.618 fibo lvl and know we have a divergance we may re test and go to our target and may be more
happy trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.