NZDCAD (Buy low sell high)
Reasons to go long
1 the market rejected the 61.8 monthly fib level
2 market broke the daily trend line
3 the market is forming a head and shoulders
on the daily as well as on the 4 hour.
the daily high is not yet confirmed . the best way to
Take advantage of this trade is to wait for the retest
of the trend line.
I'm wrong
if the market makes a new lower low.
the market closes below the daily trend line
Fails tho complete the head and shoulders formation.
Reasons to go long
1 the market rejected the 61.8 monthly fib level
2 market broke the daily trend line
3 the market is forming a head and shoulders
on the daily as well as on the 4 hour.
the daily high is not yet confirmed . the best way to
Take advantage of this trade is to wait for the retest
of the trend line.
I'm wrong
if the market makes a new lower low.
the market closes below the daily trend line
Fails tho complete the head and shoulders formation.
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