NZDCAD LONG Possible and Logical trade

Logical analysis :
The Market always repeats itself .... the history always repeats itself

1 we have a strong support area where the currency pair rose
2 oversold area on the RSI ... And the currency every time comes to this area rises
3 the divergence ro reflect the trend
3 a gab that has not been filled yet

and by looking to the past we can see the same thing in the same area
1 gap 2 an area of resistance that became a support 3 a divergence in the same area

We have the same reasons that led to the currency appreciation in the past
we can go LONG after any confirmation

Remember the Market always repeats itself .... the history always repeats itself

happy trading everybody ... and ALWAYS trust your analysis and your plan ... good luck

Comment your analysis

Commentaire:

1 move your SL to break even
2 you can take 1/4 of your profit
3 we had H&S in the 4H TF that is good for us and that si support my analisis
4 be carefull if the price arrive to 0.8492

Commentaire:

i will take the other 2/4 now form my profit ..... storge area i am still holding

Commentaire:

we broke above the 0.8492 ... and we still have a HH and LH that mean we still in the trend .... holding it to the first target ... good luck

Commentaire:

if the price break under 0.8451 i prefer to colse the long ... good luck

Commentaire:

the target did not broke 0.84512 as i said if it broke it leave this trade it just touched it and then fly to the up now hold your postion to the 1 target ... good luck

Trade fermée: cible de profit atteinte:

target 1 hit 315 pips ... holding to the next target and maybe more .. happy trading

Commentaire:

H&S on the 1D .... we mayy get the 2 target and more than it .... holding for 1500 pips ... happy trading

Commentaire:

i think this is the bottom .... we catch the up trend 0 pips to the oposite side
happy trading .... keep going on this on

Commentaire:

we broke a strong resistance and the 1.618 fibo lvl and know we have a divergance we may re test and go to our target and may be more
happy trading