NZDCAD is on an UPTREND in the 4HR timeframe. It broke above the 0.81900 level, It may retrace to the 70.5% FIB level which is in line with the rising TREND LINE . If these 3 confluences align, they would provide a sweet BULLISH ENTRY at 0.81500 STOP LOSS @ 0.80950 TAKE PROFIT @ 0.82800
H4 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks.
Nzdcad has an excellent trend continuation setup coming into play. First, on the daily timeframe, the price is going higher. Second, I see clear signs of higher highs and lows. Next, the price is pulling back. That's great because the further it pulls back, the closer it gets to where I want to enter the trade. I'm using my TMP strategy with a Fibonacci to...
Based off HTF looking like a H&S forming for a Bullish push up on LTF. What are your thoughts on this?? My Bias - BULLISH Long-term Swing.
Price gave us an impulse to the upside and has Brocken our supply level, we expect price to continue bullish after accumulation
A bullish opportunity recently presented itself on the kiwi-loonie trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.79100 psychological level. A stop loss below the 0.79000 psychological level and a profit target anywhere between your entry and the swing high of 0.82534 could give you a reward-to-risk ratio...
Monthly: In monthly time frame the price is over extended. Also, there is an extended M formation, and the price created an imbalance where I expect to set my take profit to the imbalance area. We could definitely expect a move to the upside. Weekly: The price is overextended so we could definitely expect the correction to the upside. The price is in confluence...
The Market is taking 2nd support on its trend line which is indicating bullish movement.
Anything below 0.8900 will do, hopefully the 0.8840-0.8860 range, probably early next week. The Daily;
After a nice sell of and a breakthrough of the daily support which is now daily resistance. Price also broke below the previous low, this is known as a a break of structure. This signals that price is no longer bullish and will continue a bearish move. price found support at the monthly/weekly demand zone. Here is where price formed a double bottom, which at...
Let me know if you see anything different would be great
We are looking for long entry above the sellers territory, every retracement would be a great opportunity for long entry. You have more chances to succeed if you go with a trend and support from impulsive moves. Keep it simple and use risk management!