NZDCAD Analysis: Long Term
Analysis Shows that:
1. Price is in an uptrend where:
a. all resistance zones are broken
therefore sellers are weak
b. where all supports zones are
respected by price thus buyers are strong
What might happen:
1. Price breaks the highest peak
2. Price hits point MS&R 6 or MS&R 7 (Point A)
3. Price retest Point B
4. Price heads to Point C
When to trade:
We take trade when price retest Point B
1. Price is in an uptrend where:
a. all resistance zones are broken
therefore sellers are weak
b. where all supports zones are
respected by price thus buyers are strong
What might happen:
1. Price breaks the highest peak
2. Price hits point MS&R 6 or MS&R 7 (Point A)
3. Price retest Point B
4. Price heads to Point C
When to trade:
We take trade when price retest Point B
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