everything you need :) I will start to long with bat pattern if the price come to buy zone
NZDCAD's current chart pattern is unfolding as a bullish Elliot Wave impulse structure. Price seems to have completed wave (iv) of 3 which set a stage for another rally in wave (v) of 3. Price has also rejected a weekly support area that lined up with a moving average. The potential price target is within the blue zone on the chart.
# Support broken # Tested as resistance # Sell signal printed Selling @ market price 0.87870 with # SL above resistance @ 0.88197 and # TP lower down around support @ 0.87103 As usual, always exercise healthy risk management...
Hi Traders, The 4-hour chart of NZDCAD shows a bullish move from October 2018 as a classic five-wave impulse in wave (A) "black." According to the Elliott Wave theory, a three-wave correction in the opposite direction follows every impulse pattern. And indeed, the rest of the chart reveals an A-B-C zigzag correction in wave (B) that rejected the 38.2 Fib ratio...
FX:NZDCAD Bull rally trend line broken, price had pulled back up and re tested the level as resistance but I missed the entry. We now have a structure that is offering a second opportunity to short. Sell @ market price 0.90811 SL @ 0.92002 TP @ 0.89497