Discussion in 'Technical Analysis' started by SteveF, Oct 24, 2019.
gotta go somewhere......still waiting price action
Reviewing the weekly chart above shows no sign of turning yet, weekly bar close is under support as is Friday's daily close. There is a tiny bit of bullish divergence showing....however price action is yet to be bullish
It's not pretty, but the NZDCAD is taking a shot up. a retest of the 1.8400 area may be a good buy opportunity, or if you like lower support around 1.8350
4 hour chart shows NZDCAD still bullish on the breakout up from bottom
lots os serious resistance to get through on weekly....
Buy area defined.....
Long = entry, targets and stop on chart.
Hourly chart shows details when trade was entered. Hopefully the "fakeout" will remain that way......
still in the trade. basically didn't go too far today. About right at my entry now - 2 pips.
The NZD surprise rate decision of no change helped my trade. Hit my TP right below resistance. Stop was 40 pips so 2.5 to 1 reward to risk.
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