10RR breakout trade || tight stop || more risk
NZDCAD is ready to break out to the upside after it has been accumulating longs at a low level.
We can see there is no more imbalance to be filled at the bottom and there is a huge imbalance to be filled above.
We can also see a Head & Shoulders, confirming the reversal
We can see there is no more imbalance to be filled at the bottom and there is a huge imbalance to be filled above.
We can also see a Head & Shoulders, confirming the reversal
Note
Here is the higher timeframe Blue trendlineTrade closed: stop reached
Ok they needed to grab more liquidity still.Note
My updated analysis:1H:
15min:
Note
Yea price is taking its time to accumulate. Here is my new long setup:
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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.