NZDCAD Potential LONG

2019-11-23 11:44:52

After an expansion on Tue, price consolidated before a contraction move on Thu, follow by a consolidation on Fri. I believe this contraction move is to suck in the sellers. And in the coming week, there should be a push below Thu and Fri low to suck in more seller to the PRZ indicated(which coincide with previous structure high and F6 of swing low, swing high), before a push for bullish continuation.

Glossary
Expansion -Bullish Engulf
Contraction - Bearish Engulf
PRZ - Potential Reversal Zone
F6 - Fibonacci 61.8