NZD/CADSingkat
NZDCAD - Sell
Detailed analysis
1- Price is in a downtrend on the 4H so we should be looking to sell
2. The bank has done a Stop hunt/liquidity hunt ie taking out stop losses (See where I marked X) from previous sells
2. Price has retraced to the 50% Fib (If SL is hit and it goes to the 61.8% we may look to re-enter. the sell from there)
2. Price always has to rebalance itself
- It has rebalanced the wick (see yellow circle on left)
- it has rebalanced 50% of the Institutional bearish candle
3. Confluence - there is confluence between the 50% Fib and Stucture
TPs are based on structure. Tp4 is based on a possible liquidity hunt of buyers SLs (ie. Stop Hunt)
1- Price is in a downtrend on the 4H so we should be looking to sell
2. The bank has done a Stop hunt/liquidity hunt ie taking out stop losses (See where I marked X) from previous sells
2. Price has retraced to the 50% Fib (If SL is hit and it goes to the 61.8% we may look to re-enter. the sell from there)
2. Price always has to rebalance itself
- It has rebalanced the wick (see yellow circle on left)
- it has rebalanced 50% of the Institutional bearish candle
3. Confluence - there is confluence between the 50% Fib and Stucture
TPs are based on structure. Tp4 is based on a possible liquidity hunt of buyers SLs (ie. Stop Hunt)
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.