NZD/CAD - Possible LongFirst of all, I have to say that at the moment there's no long signal, it's just an idea.
Now let's see what, where, when, who, how.
So, I like this graph so much, prices are below the Kijun Sen though, but it's just this one the thing I like.
Why? Isn't the trade already done?
Maybe, but the reject wasn't random. In fact, as you can see, prices perfectly rebounce on that blue line I placed on the graph. Do you know what it's that? It's the Weekly Kijun + the Monthly tenkan. Incredibile precision, isn't it? Yeah!
So, basically, Month and Week just said "Hey dude, you can't pass here, go down, immediately!". And so they did. But if prices can break the Kijun out, then H4 would take control, and they would say "Month, shut up, see ya on 31st May. Week, I know you hate me, but the Kijun Sen is so far away. Daily, if you allow me, we can go up together, what do you thing about it?".
Of course, we ask permissions to the Daily graph, because that one has a couple of resistances as well, so we should pay attention to them (I put them on the graph).
This analysis needs to be confirmed by the Kijun break out (where I put the flag), so let's wait.
