Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,194,407 members, 7,954,618 topics. Date: Saturday, 21 September 2024 at 01:40 AM

NZDCAD - Descending Channel - Nairaland / General - Nairaland

Nairaland Forum / Nairaland / General / NZDCAD - Descending Channel (97 Views)

(2) (3) (4)

(1) (Reply)

NZDCAD - Descending Channel by bluebellfx: 3:33pm On Mar 30, 2022
Here is another opportunity from NZDCAD for traders as it has been bouncing between support and resistance and forming a Descending Channel on the weekly and Daily timeframe....
Currently, the pair is dancing in a horizontal channel on the 4hr timeframe.
Watching this pair to see if BUYERS can push it to a breakout or SELLERS will make it continue in the channel.
Descending channel is a continuation pattern so the over all target is a breakout to the upside... As traders, we have to follow the market rather than force it therefore, after the breakout from the Horizontal Channel, trade setup can be ready for entry...

*Please note that bluebellfx is not an online investment platform, it is only meant for professional market analysis and educational purpose*

(1) (Reply)

Finixbeat Entertainment / PMP Certification In Bangalore / Submit Halloween Product Sales And Wonderful Costume Bargains

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 6
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.