The pair NZDCAD just completed a wave down in a diagonal so look for an up impulse. Any test of structure before breakout would be a nice buy set up.
Thank you for your support.
Komen
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Very nice breakout to upside out of structure. Expecting a nice move up! I hope you have your own tested trading strategies to trade this move.
Komen
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Very nice move. An easy 100+ pips in profit. I hope you had a tested trading strategy to trade this move when it starts.
Komen
IvanLabrie
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Picture perfect Tom.
Merry Christmas mate.
TomProTrader
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@IvanLabrie, Thank you, hope you had a good Christmas.
Trader_Dale
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Thanks for your great analysis!
Here is my view on NZD/CAD if you are interested:
Based on Market Profile (volumes) and Price Action are three very strong resist/support zones. All of them were created with heavy volumes of big players - you can see it on the Cummulative Volume on the right side. The closest level: 0.94426 is placed on the biggest volume of the year (Point Of Control). The biggest volumes of the year were placed there and moved the price agressively lower. This is definitely the place I would like to go short!
There are more Market profile swing and intraday analysis at my profile page. You are very welcome there!
Dale
Merry Christmas mate.