NZD/CADUpdated NZDCAD MULTIPLE TIME FRAME ANALYSIS!
Monthly:
Price is currently at a monthly support so we expect a bullish push but we could also see a
new retest of the support zone after the monthly close.
Weekly:
Price reached a very strong zone of supply so we are expecting a bearish short term push to
form an inverse H&S pattern and then continue to the upside.
Daily:
Price had an over extended move to the upside that broke a lot of structure so we could see
a retest before it continues.
4H:
We are going to be monitoring the price action from a 4h perspective to see a possible change
in structure to take a short position.
Only if all our rules are present we are going to take a trade.
Price is currently at a monthly support so we expect a bullish push but we could also see a
new retest of the support zone after the monthly close.
Weekly:
Price reached a very strong zone of supply so we are expecting a bearish short term push to
form an inverse H&S pattern and then continue to the upside.
Daily:
Price had an over extended move to the upside that broke a lot of structure so we could see
a retest before it continues.
4H:
We are going to be monitoring the price action from a 4h perspective to see a possible change
in structure to take a short position.
Only if all our rules are present we are going to take a trade.
Trade active
Monthly: Weekly:
Daily:
4H:
Trade closed: target reached
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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.