hi everyone - haven't posted in a while but im back on the charts!
looking over the pairs NZDCAD has caught my eye, after breaking an ascending structure on the daily sitting nicely in the amber zone. price shows a clear 'scoop' (double top) with an element of structure that can be seen approaching the value area on the 4H. i am looking for an entry in the green zone on the lower degree next week if price is to form an element of structure, given the price action previously and the aggressive sell off, i will be inclined to take a RE in this area. if anything else is to form, confirmation and a lower time frame continuation pattern will do just nicely!
dont sleep on this one!
have a good week everyone!
Connor
looking over the pairs NZDCAD has caught my eye, after breaking an ascending structure on the daily sitting nicely in the amber zone. price shows a clear 'scoop' (double top) with an element of structure that can be seen approaching the value area on the 4H. i am looking for an entry in the green zone on the lower degree next week if price is to form an element of structure, given the price action previously and the aggressive sell off, i will be inclined to take a RE in this area. if anything else is to form, confirmation and a lower time frame continuation pattern will do just nicely!
dont sleep on this one!
have a good week everyone!
Connor