NzdCad has put in a nice high and tight flag with room to go up and a strong flag pole. Howwever be aware of the 15 min as it looks like a head and shoulders pattern which would be a conflicting signal to this setup.
Price hasn't really touched the bottom zone, it has be pushed up before its gotten there which leads me to believe that this could offer a buying opportunity.
There is a fresh 4hr zone to aim for which as you can see price has been moving sideways for some weeks.
there is a truly fresh demand zone lower.
8 period moving average has crossed above the 16 period moving average. Referring to a monthly chart this could be the dip in order for the long term up trend for this pair to continue.
Looking at the daily chart, a head and shoulders pattern has formed. The resulting neckline can be drawn in two ways:
1. Horizontal at 0.91 - in line with the left...
i've written down some of the key reasons i'm willing to long this market. First, we have a daily Bat pattern that's been completed but that never reached its target level (nor broke the X point) therefore it's still valid. At that level we also have a daily structure (yellow box) that could act as support again. Ultimately, in the daily chart we can...
This position will depend on the price reaction on market open. If there's evidence that this may get Bullish, say an engulfing on the lower timeframes , then I'll be in the trade with current levels. Buy limit orders ahoy.