ok folks since we get precise that nice move down as on previous chart, now im expecting so see some more deeper correction before rushing down again. its early to say whats gonna be but here on this chart im showing my expectations for running flat and expanding. for those who understand patterns there is a gartley taken from the top and butterfly taken from A of...
On balance volume is in downward channel and below its 200 EMA. Price rejected from monthly pivot and closed below 100 SMA of BB. TP1 - previous monthly S1 level. TP2 - monthly pivot Support 1.
-->> Reversal spotted -->> close to strong resistance -->> sell on 4H
Pair: AUDCAD Prediction: Buy / Long Target: 0.90850
Hi Traders, The 4-hour chart of NZDCAD shows a bullish move from October 2018 as a classic five-wave impulse in wave (A) "black." According to the Elliott Wave theory, a three-wave correction in the opposite direction follows every impulse pattern. And indeed, the rest of the chart reveals an A-B-C zigzag correction in wave (B) that rejected the 38.2 Fib ratio...
NZD CAD, presenting us a great opportunity for a short. A clear 4h break of 0.90476 and a retest on 1h would be a great entry for this pair. For a nice 120 pips! I will updating you guys. All of the best TRADING PROTECTION
Wait for break and close, out of the wedge.
NZDCAD moved to the descending trendline where i personally got short entry at 0.9241 right at the lower timeframe double top and it moved down nicely. Of course there will be another trading opportunities on the lower timeframes. Targets are set and now wait for pullbacks to resistance levels.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.