NZDCAD - Day Trading Analysis Using Price Action
0.8642 area was a former support area on 4hr Chart. This area was broken and a very good deep was formed. Using price action - structure is broken and now looking for a retest of the former support area to turn resistant for good opportunity to sell. Why I think this area might be very good area to sell is that this area falls on 61 to 79% on Fib Retracement Level, former support area broken, new lows formed. With proper risk management, I will watch out for market opening after new year before taking any decision. ONLY FOR DAY TRADING.
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.