NZDCAD bullish idea on the daily
Updated
Hi traders,
On the NZDCAD I'm looking to enter long at the completion of this AB=CD pattern, combined with the 38.2% Fibonacci retracement of the big move since summer of 2015 and the 61.8% Fibonacci retracement of the smaller move since May 2016.
Entry: 0.91460
Stop: 0.90107
Target: 0.34890 = R:RR 2.54
Good luck guys! I will be updating this chart as time progresses.
On the NZDCAD I'm looking to enter long at the completion of this AB=CD pattern, combined with the 38.2% Fibonacci retracement of the big move since summer of 2015 and the 61.8% Fibonacci retracement of the smaller move since May 2016.
Entry: 0.91460
Stop: 0.90107
Target: 0.34890 = R:RR 2.54
Good luck guys! I will be updating this chart as time progresses.
Note
Target should be 0.94890.
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