tdtrdview

NZDUSD - Is this a trend change?

Long
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Story:
  1. Location is Excellent - Fib touch
  2. Bottom Speed Index a bit on the high side - I would preferred them to be higher to denote hard to move down moves.
  3. Immediate reaction after the last high down volume wave the largest up volume wave.
  4. The up waves are increasing

What we need now is a retracement with small volume to go long. There is chance also to retest the level, no one knows. The forecast is Long.
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.