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cyanfrog

NZDCAD retrace confluence and channel support

New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
cyanfrog  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
priceaction Parallel Channel kiwi james16 Fibonacci retrace Daily Charts support Market Geometry
3
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priceaction parallelchannel kiwi james16 fibonacci retrace daily support marketgeometry
Interesting situation. Nice fibo confluence , channel support, PA support. But there is also this nasty bearish engulfing formation, ofc long signal is much stronger than possible breakout but you never really know :). For now I dont see any good entry point but its for sure worth looking for. I suggest to sit tight and wait for good price action signal.
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