NZDCAD - Watch For Reversal

16 Nis 2023

NZDCAD is currently In wave B correction and approaching the 50 fibonacci alongside the channel support. We are expecting a bounce off the channel and then break of the red trendline for confirmation.

Trade Idea:
- Watch for bounce off fibonacci/channel
- Confirmation on break of red trendline
- Stops go below the lows after the breakout occurs
- Targets: 0.86 (380pips), 0.88 (580pips), Hold small position for swing

Goodluck and as always, trade safe!

4 May 2023

Not

Running +200pips ✅