NZDCAD - Getting ready to make downward move?

9 thg 10, 2023

NZDCAD - A harmonic reversal pattern is being formed with the defined potential reversal zone (PRZ), It will most likely test the PRZ and make a downward move. A bearish RSI divergence is also supporting this idea. Sell stop entry can be taken at the breakout of previous Higher Low with TP set at a 1:1.3 Risk Reward, which is coinciding with a strong demand zone.

16 thg 10, 2023

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