OFPA_FX

NZDCAD Potential LONG

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OFPA_FX 已更新   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
After an expansion on Tue, price consolidated before a contraction move on Thu, follow by a consolidation on Fri. I believe this contraction move is to suck in the sellers. And in the coming week, there should be a push below Thu and Fri low to suck in more seller to the PRZ indicated(which coincide with previous structure high and F6 of swing low, swing high), before a push for bullish continuation.

Glossary
Expansion -Bullish Engulf
Contraction - Bearish Engulf
PRZ - Potential Reversal Zone
F6 - Fibonacci 61.8
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Price reacted to a zone, came off and close the day lower. That's signal to close the trade
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