NZDCAD: Bullish Engulfing indicating more upside to come?
Last Fri, price reacted to a structure low(8th Nov 19) and closed with a Bullish Hammer candle. On Mon, price gap down, reacted to a POC(Point of Control) and closed the day with a Bullish Engulfing candle. This Bullish move took out some late frenzy selling seen on late Thu, thereby removing a potential supply zone. With this obstacle remove. I believe the Bulls are in control and there will be more upside to come. I am looking at the lower time frame to join the Bulls targeting the Daily SZ above.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.