NZDCAD - Round 2 ✅

31 May 2023

In our last NZDCAD analysis, we achieved a total of 200pips but we could not get past the channel. Price is still somewhat encompassed within the channel. For clarity we've removed the channel so that we can focus on immediate price action.

NZDCAD 4H


Trade Idea:
- Watch for bullish price action on lower timeframe
- Entry on break of red trendline
- Stops below lows after trendline break
- Targets: 0.86 (450pips), 0.88 (650pips)

Goodluck and as always, trade safe!