This is NZDCAD 15 minutes timeframe analysis, i'm expecting this pair to go up for 50 PIPs as my final TP.
WE will be looking at price action at the bottom and head all the way up north. please use good risk management.
for those following me, you would have made some gains on this one. the reversal has started as predicted. now lets follow the next set of waves like, follow and comment:) PLEASE SEE PREVIOUS CHART BELOW
Let's see NZD CAD , thought 0.91500 might act as strong support and let start a retracement but 3 minutes ago , 4h candle close above the previous high , so i'm looking for some long position . Would wait for a retest of the resistance with a SL below the candle. First target might be around 0.92500 , old support zone that this time could act as resistance....
NZDCAD is currently in a channel that starts to shape like a wedge. Currently the price sits close to the lower range. As you can see we can now also draw a new upper range. A break of this will confirmed the buy. A break of the lower range confirms a sell Have some patience and wait till break-out from either side, this break-out will happen on Friday and can...