NZDCAD watch for possible reversal
Daily bias
Over all trend is bearish.
If you look at the chart this pair has been making lower highs and lower low. The Daily candle close is bearish with a big tail.
Adding the Bollinger Band u can see that it has shown a Bollinger band spike signalling a possible return to the mean. Some more markups on daily chart
4h- price resisted point of interest.
Will still be watching how this price reacts to the Point of interest (resistance) If it breaks the resistance will be looking for a continuation to the upside.
4H CHART
If you look at the chart this pair has been making lower highs and lower low. The Daily candle close is bearish with a big tail.
Adding the Bollinger Band u can see that it has shown a Bollinger band spike signalling a possible return to the mean. Some more markups on daily chart
4h- price resisted point of interest.
Will still be watching how this price reacts to the Point of interest (resistance) If it breaks the resistance will be looking for a continuation to the upside.
4H CHART
Nota
FOR A BEARISH SCENARIO I WOULD GO TO 1H TF
I would like to see the price breaks the 1h support and the 4h Bollinger band mean.
Entry would be a break and retest of the support (turned resistance)
Dagangan aktif
Dagangan ditutup: hentian tercapai
closed partial at 1:1.75 then got stoped at brk even
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.