NZDCAD BUY TO SELL
Blue line (monthly resistance)
Brown chart ( Daily support)
Black lines( 4 hour support and resistance)
We can see that 4 hour as well as monthly resistance has been touched and not broken. However daily support was not broken. we can expect an up trend to the 4 hour resistance before a down trend to support. Can use 1 hour time frame for the buy trend and for the down trend.
Brown chart ( Daily support)
Black lines( 4 hour support and resistance)
We can see that 4 hour as well as monthly resistance has been touched and not broken. However daily support was not broken. we can expect an up trend to the 4 hour resistance before a down trend to support. Can use 1 hour time frame for the buy trend and for the down trend.
Trade active
Looks like the down trend is now active, lets see how low it gets
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.