bgj101

NZDCAD Weekly Analysis 6-10 Feb

Long
bgj101 Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
9
expecting bounce on the bottom of this pattern...break of the top and extension towards 2 targets...
Comment:

Price moved as expected without the bounce......currently overbought so price could fall at any time.....cool how price hugged my arrows
Comment:

As stated before....price could fall at any moment....divergence and RSI overbought...catch the wave down....
Comment:

Beautiful move....price held the top. Made a great 160 pip move down. If price makes a flag or breaks through, hold your trade. If it reverses correctively, you can re-enter on the break, and if it punches through....well..you should know...

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