So we broke H4 trend line to the upside. What i see now - we'll at least 0.8900 zone.
More pluses for longs:
1) We broke and tested H4 200 EMA
2) The price tested previous low with breaking lower just to do the stop hunt
3) CAD will get weaker. Also, we have CAD news ahead.
4) NZD is getting stronger.
5) Also on DAILY chart 0.8650 zone was a 61.8 FIBO zone for us to see that correction from. So i believe that HUGE correction WAVE has been over here. And we're ready for going much longer on NZD CAD.
More pluses for longs:
1) We broke and tested H4 200 EMA
2) The price tested previous low with breaking lower just to do the stop hunt
3) CAD will get weaker. Also, we have CAD news ahead.
4) NZD is getting stronger.
5) Also on DAILY chart 0.8650 zone was a 61.8 FIBO zone for us to see that correction from. So i believe that HUGE correction WAVE has been over here. And we're ready for going much longer on NZD CAD.
Kommentar:
Target completed