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Newzealand

$NZDCAD | Bearish GEO & Wolfe Wave | Targets DefinedHello Traders, $NZDCAD is currently in a strong uptrend with no plans of reversing any time soon. However, looking at the overall structure, we can clearly see a Bearish Geo formation. To define points 5, 5', and 5" I always look for the completion of an AB=CD pattern. This is usually a good indicator or where price will reverse in the GEO'. The lines in red define the highest probability targets. The darker the color, the higher the probability. The targets defined will also act as a level of reversal for price. The lighter colors indicate the strength of the reversal. The lightest color then, has the highest chance of reversal. Making sense? The forecast, for now, is bullish. Stay tuned, Chartistry
by GWaves
4
EUR/NZD - Interesting Setup on the roadIt will be great trade , it's early however. We are currently trading below Monthly Resistance and above Weekly Support. Price is between two very important levels , price can go up sharply , down as well. I will stay out for now and Will watch this currency pair with caution. My idea is , If we see Weekly Close above Monthly Resistance (1,64500) , we can see further bullishness to Monthly Resistance. However we need Better than expected Fundamentals from Eurozone to support our views. It will be great trade , 1000 pips. 1.65000 - 1.75000
by 3nchev