NZDCAD's current chart pattern is unfolding as a bullish Elliot Wave impulse structure. Price seems to have completed wave (iv) of 3 which set a stage for another rally in wave (v) of 3.
Price has also rejected a weekly support area that lined up with a moving average. The potential price target is within the blue zone on the chart.
Its risky Man. I saw wedge pattern. Wave A wave B (wxyxz) and wave C. Its potential to drop down first before wave 5 take over.
As always i could be wrong
Veejahbee
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@algoffar, It's possible. Considering the Friday's daily candle close.
As always i could be wrong