NZD.CAD - Long Opportunity

My basic Weekly, Daily and 4hr chart analysis on the NZD.CAD into next week.

Weekly:

1. Weekly EMA support
2. Bullish RSI divergence
3. Price found support at .9300 psychological level

Daily:

1. Perfect low-test candle formed on the 31.03.2017
2. Bullish RSI divergence
3. Target can be placed below the Daily EMA and previous resistance level

Additional:

1. For our entry to be triggered price must breakout of the consolidation period
2. 4hr & 1hr Bullish RSI divergence
3. Price finding support on Monthly trendline

Bình luận:

Prime example of a perfect trade but didn't meet my rules for entry.
I will be keeping an eye on this pair.

Bình luận:

We have now seen a nice consolidation period on the 4hr TF, potential long opportunity in the coming days.