NZDCAD - ANALYSIS BASED ON PRICE ACTION/ MARKET STRUCTURE
NZDCAD is still descending and obeying the 4hr trendline like last week, I think 0.8550 area can be a good area to SELL. Using price action - structure is broken and a new HL and LL were formed. This predicted SELL area falls on 61 to 79% on Fib Retracement Level, still a support zone , and align with the 4hr descending trend.
NOTE: I think this is very important in case you are are using part or some of my post trading ideas to make decision on the market - CONFIRMATION IS ALWAYS IMPORTANT BEFORE TAKING ANY TRADE USING MY BLUE BOX or MY HIGHLIGHTED BLUE BOX. When price moves aggressively towards predicted areas, they tends to break those areas without showing any significant rejection. I always check my 1hr or 30 mins chart for sign of demand or supply before taking trades on predicted areas.
NOTE: I think this is very important in case you are are using part or some of my post trading ideas to make decision on the market - CONFIRMATION IS ALWAYS IMPORTANT BEFORE TAKING ANY TRADE USING MY BLUE BOX or MY HIGHLIGHTED BLUE BOX. When price moves aggressively towards predicted areas, they tends to break those areas without showing any significant rejection. I always check my 1hr or 30 mins chart for sign of demand or supply before taking trades on predicted areas.
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