Hello Fellow Traders, Here is a Full Updated Analysis on NZDCAD 4hrs
Break down,
After the break of the head and shoulder figure, the price created a strong resistance zone found in the 0.92000 area tested 3 times creating a triple top showing some significant weaknesses from the buyers. We should expect a retrace to our previews support zone around 0.90000.
1. Wait for confirmation(Wait For Price Action Confirmation / Break of structure / Continuation of trend) 2. Confirmation from the MACD ( MACD crossing down ) 3.Use Risk Management (Risk 2% of your capital / 1 to 3 ) 4. COT data used 5. Fundamentals used 6. Entry on The 4H Timeframe!