NZDCAD Daily Closes Finaly With A Bullish CandleStick Formation
About 2 Weeks Ago NZDCAD Broke Out of Its Wedge Pattern At A Weekly Major Support (See Previous Posts On NZDCAD)
Since Then We Have Had 2 Chances To Get In, 1st When It Broke Out 2nd Was At A Trend Line Break, Now We Have A 3rd One, The Daily Closed With A Bullish Engulfing Candlestick Formation (See Yellow Circle on The Candle) With A Counter Trend Line Break, And On The Lower Time Frames The Market Took Out Some Highs As Well,
It Looks Like The Market Is Finally Ready For Take Off.
We Also Have The RBNZD Rate Decision Coming Out Soon, Lets See How That Will Affect The Market.
Since Then We Have Had 2 Chances To Get In, 1st When It Broke Out 2nd Was At A Trend Line Break, Now We Have A 3rd One, The Daily Closed With A Bullish Engulfing Candlestick Formation (See Yellow Circle on The Candle) With A Counter Trend Line Break, And On The Lower Time Frames The Market Took Out Some Highs As Well,
It Looks Like The Market Is Finally Ready For Take Off.
We Also Have The RBNZD Rate Decision Coming Out Soon, Lets See How That Will Affect The Market.
Related publications
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.