NZDCAD Easy Money Is Nothing NewHello Traders,
The previous small up move forecast was cut very short and the market burned back down very quickly. As per the original (bigger time frame) forecast, we will just continue downwards for a while (Refer to related ideas to see original forecast).
Look for a small correction completion at 0.8385 / 0.8433 range and then continuation downwards to break the 0.82 / 0.81 zone.
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Nzdcadshort
Trade idea for NZDCAD this week I would wait for price to reach the first box area in the right timing, then I will looking to shot around here.
If the price go beyond this first box area in wrong timing, high chance it will overshoot to the second box area, and if the price reach here on the right timing, I will be looking to short here.
No TP projection though.
"NZDCAD: the last impulse of the down move?" by ThinkingAntsOk4H CHART EXPLANATION:
- In Weekly Terms, we observe a lateralization in this instrument since 2014.
- In April 19', it started its down move towards the level in which it is now.
- Price is on an a Descending Channel.
- It is currently on a Bearish Corrective Structure. If it breaks it at 0,85, it has potential to move down towards the Support Zone at 0,837.
- After this, we expect price to move up.
Check out our Weekly and Daily Vision, that support our short idea!
Weekly Vision:
Daily Vision: