Hello Fam,
NZDCAD has just tapped into a strong daily supply #orderblock which led to a mini selloff in price about a month ago. I expect that orders are still pending in the daily order block or market-makers would like to mitigate some orders. With this at play, I expect a selloff in the 1hour timeframe.
Although I have a longer-term bullish bias on the pair based on the weekly and monthly timeframes, we would be taking each move as they come.
Here are my other analysis on
AUDJPY and CADJPY
AUDJPY
https://www.tradingview.com/chart/AUDJPY/YLWMLOwA-AUDJPY-4RR-BULLISH-TRADE/
CADJPY
https://www.tradingview.com/chart/CADJPY/NsN9yqX4-CADJPY-4RR-TRADE-IDEA/
Cheers,
David
NZDCAD has just tapped into a strong daily supply #orderblock which led to a mini selloff in price about a month ago. I expect that orders are still pending in the daily order block or market-makers would like to mitigate some orders. With this at play, I expect a selloff in the 1hour timeframe.Although I have a longer-term bullish bias on the pair based on the weekly and monthly timeframes, we would be taking each move as they come.
Here are my other analysis on
AUDJPY and CADJPY AUDJPY
https://www.tradingview.com/chart/AUDJPY/YLWMLOwA-AUDJPY-4RR-BULLISH-TRADE/
CADJPY
https://www.tradingview.com/chart/CADJPY/NsN9yqX4-CADJPY-4RR-TRADE-IDEA/
Cheers,
David
Trade closed: target reached
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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.