NZDCAD - Day Trading Analysis Using Price Action

1 Oca 2023

0.8642 area was a former support area on 4hr Chart. This area was broken and a very good deep was formed. Using price action - structure is broken and now looking for a retest of the former support area to turn resistant for good opportunity to sell. Why I think this area might be very good area to sell is that this area falls on 61 to 79% on Fib Retracement Level, former support area broken, new lows formed. With proper risk management, I will watch out for market opening after new year before taking any decision. ONLY FOR DAY TRADING.