There is clear higher highs and higher lows being created in 4 hour time frame, 1 day and most others. There is a clear channel moving upward and you can see that the trend is staying within the channel for the most part. You can expect the trend to continue upwards until the next resistance. If it breaks, expect a push to .85635 all the way up to .88664. Remember everyone. The TREND is your FRIEND. If you have an opportunity to BUY in right now. I suggest you do so, this will now continue up from here on out. This will be the lowest this trend goes for the next week or two. I have been seeing a bunch of nonsense being posted. Just because the trend is retracing, it does NOT mean it will continue down. I am correct 85% of the time and this is what will happen. Set your SL very low, just below .8500 // Obviously, it will not go down that far but with this volatility and news. It is better to be safe.
CAD will eventually weaken and NZD will get stronger since it usually always does. Expect the unexpected. I am keeping an eye on my trade but I am holding for longterm. This is a very safe trade. If you have looked back in time, you can see consistent patterns in price action.
My analysis in all time frames is suggesting that I go LONG. You can do what you'd like. Do not let others trade for you, simply compare. Then make a decision.
HAPPY TRADING!
CAD will eventually weaken and NZD will get stronger since it usually always does. Expect the unexpected. I am keeping an eye on my trade but I am holding for longterm. This is a very safe trade. If you have looked back in time, you can see consistent patterns in price action.
My analysis in all time frames is suggesting that I go LONG. You can do what you'd like. Do not let others trade for you, simply compare. Then make a decision.
HAPPY TRADING!