NZDCAD: Likely to Drop Again Inside a Corrective Pattern
NZDCAD: Likely to Drop Again Inside a Corrective Pattern
On the 4-hour chart, NZDCAD is moving within a large corrective pattern.
Looking at past price action, we can see that NZDCAD has repeatedly declined from this zone. The pattern suggests that another drop is likely.
The price movements have followed a "V"-shaped reversal without clear confirmation, meaning we can expect a similar price behavior again.
Key target areas:
0.8226
0.8205
0.8180
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
On the 4-hour chart, NZDCAD is moving within a large corrective pattern.
Looking at past price action, we can see that NZDCAD has repeatedly declined from this zone. The pattern suggests that another drop is likely.
The price movements have followed a "V"-shaped reversal without clear confirmation, meaning we can expect a similar price behavior again.
Key target areas:
0.8226
0.8205
0.8180
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade attivo
NZDCAD - near to the second target and it should decline more
Trade chiuso: obiettivo raggiunto
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.