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NZD/CAD: Impulse for long again with the Trend

NZD/CAD:

Date: 28 December, 2016

D1 Graph: Long term long trend

The price stopped its fall exactly above the 200 ЕМА. At this zone there is a strong horizontal support and FIB 50%. Price again started going up and breaking diagonal resistance.

Price Action: Engulfing bar at horizontal support – signal for long

DEM (14) – In the oversold zone and turned up for long

Price for Entry long around: 0.9320

SL: 0.92400

Jr. Trader – S. Fuchedzhiev


 Varchev Traders


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