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Looking Ahead #12 – Nzd.Cad 200-400 pips potential?

November 25th, 20092009-11-25T04:35:32ZF jS, Y Arco 4 comments

Nzd.Cad daily chart appears be forming a Head and Shoulder pattern right at the confluence of the up-trend line and the neckline, and this may lead to a profitable opportunity for 200-400 pips or more.

Ichimoku. The Chikou Span is now testing the plot which in itself is also almost through the Kumo, while ahead the Kumo is thinning. These signs are giving a bearish tone.

We will be watching this one closely and keeping members informed regarding the entry point as the potential pattern unfolds.

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Categories: Long Term Ideas Tags: ,
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