NZDCAD: Likely to Drop Again Inside a Corrective Pattern
NZDCAD: Likely to Drop Again Inside a Corrective Pattern
On the 4-hour chart, NZDCAD is moving within a large corrective pattern.
Looking at past price action, we can see that NZDCAD has repeatedly declined from this zone. The pattern suggests that another drop is likely.
The price movements have followed a "V"-shaped reversal without clear confirmation, meaning we can expect a similar price behavior again.
Key target areas:
0.8226
0.8205
0.8180
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
On the 4-hour chart, NZDCAD is moving within a large corrective pattern.
Looking at past price action, we can see that NZDCAD has repeatedly declined from this zone. The pattern suggests that another drop is likely.
The price movements have followed a "V"-shaped reversal without clear confirmation, meaning we can expect a similar price behavior again.
Key target areas:
0.8226
0.8205
0.8180
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade active
NZDCAD - near to the second target and it should decline more
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.