NZD/CADLong
The Kiwi goes Long - after a retest
A few critical support demand levels to look at for NZDCAD
- 0.8200 - a crucial support level. Prices bounce of thrice on Sept 2018; Sept 2019. A sharp breakthrough during March this year, but quickly reversed back above the support.
- [0.8600 - 0.8700] - an important supply demand level. This zone has been a resistance turns support role interchanging.
Fore-seen the pair will go up when it will most probably retest on the trend line UP before the rallies.
Trend line alone my be insufficient to play the odds favour on our side.
A not-so-textbook-typical shoulder-head-shoulder pattern (purple circles) indicating a reversal is imminent. Take note also the demand zone (in green) also in confluence to act as the "neckline"; and the "neckline" is broken as the pair traded above it.
This pair is going long. TP levels as indicated.
Leave your comments on what you think this pair will go?
- 0.8200 - a crucial support level. Prices bounce of thrice on Sept 2018; Sept 2019. A sharp breakthrough during March this year, but quickly reversed back above the support.
- [0.8600 - 0.8700] - an important supply demand level. This zone has been a resistance turns support role interchanging.
Fore-seen the pair will go up when it will most probably retest on the trend line UP before the rallies.
Trend line alone my be insufficient to play the odds favour on our side.
A not-so-textbook-typical shoulder-head-shoulder pattern (purple circles) indicating a reversal is imminent. Take note also the demand zone (in green) also in confluence to act as the "neckline"; and the "neckline" is broken as the pair traded above it.
This pair is going long. TP levels as indicated.
Leave your comments on what you think this pair will go?
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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.
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.