The market is about trends. More importantly it's know which trends are real and which are fake.
NZDCAD looks to be nearing a point of reversal. One might argue that on the Daily it's already reversed, but if you look at the 4 hour, it's primed for a pullback before it then continues it's trip higher.
I suspect in the next 24-28 hours we'll see the reversal, and then a trend line break on the daily.
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Risk Disclosure
I am
not a certified financial planner/advisor
not a certified financial analyst
not an economist
not a CPA
not an accountant
not a lawyer.
I am not finance professional through formal education. I am an individual who believes and takes pride in showing people the power of Forex trading. The contents of this idea are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. I can’t promise that the information shared this idea is appropriate for you or anyone else. By using this idea, you agree to hold the account holder harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this idea.
NZDCAD looks to be nearing a point of reversal. One might argue that on the Daily it's already reversed, but if you look at the 4 hour, it's primed for a pullback before it then continues it's trip higher.
I suspect in the next 24-28 hours we'll see the reversal, and then a trend line break on the daily.
---
Risk Disclosure
I am
not a certified financial planner/advisor
not a certified financial analyst
not an economist
not a CPA
not an accountant
not a lawyer.
I am not finance professional through formal education. I am an individual who believes and takes pride in showing people the power of Forex trading. The contents of this idea are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. I can’t promise that the information shared this idea is appropriate for you or anyone else. By using this idea, you agree to hold the account holder harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this idea.