NZDCAD
Key area of Resistance: 0.92184
Key area of support: 0.90146
SL: 0.92841
TP: 0.80181
Ideal Entry Point: @ area of resistance
Analysis
- Good price action in this area, the zone has flipped from being a base to being a top a few dozen times
- Price has retraced to the 50% fib ratio of the latest down swing
- on the 4hr chart, a 2.0% BC projection of the AB=CD pattern completes at the key area of resistance
- 4th Elliott wave, price is forming lower lows and Lower highs
Key area of Resistance: 0.92184
Key area of support: 0.90146
SL: 0.92841
TP: 0.80181
Ideal Entry Point: @ area of resistance
Analysis
- Good price action in this area, the zone has flipped from being a base to being a top a few dozen times
- Price has retraced to the 50% fib ratio of the latest down swing
- on the 4hr chart, a 2.0% BC projection of the AB=CD pattern completes at the key area of resistance
- 4th Elliott wave, price is forming lower lows and Lower highs
Trade closed manually
closing the trade 33 points down, waiting for the daily close and the retest of the new support
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.
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.