Hello Traders.
For today's session Im looking for a reversal on the NZDCAD market.
Fundamentally the NZD is stronger than the CAD.
As you can see we have a reversal configuration which is a Double Bottom in the 4H Time Frame.
We also have a breakout of the resistance of the Bearish triangle.
Im waiting for a breakout of the key level around 0.8040 - 0.8050 so we can confirm the Double Bottom figure, if confirmed we can aim for 0.8110 as 1st Target, 0.8185 as 2nd Target and 0.8250 as 3rd Target.
This not a signal call, do your own analysis before taking any risk.
Good Luck.
For today's session Im looking for a reversal on the NZDCAD market.
Fundamentally the NZD is stronger than the CAD.
As you can see we have a reversal configuration which is a Double Bottom in the 4H Time Frame.
We also have a breakout of the resistance of the Bearish triangle.
Im waiting for a breakout of the key level around 0.8040 - 0.8050 so we can confirm the Double Bottom figure, if confirmed we can aim for 0.8110 as 1st Target, 0.8185 as 2nd Target and 0.8250 as 3rd Target.
This not a signal call, do your own analysis before taking any risk.
Good Luck.