My Trade Idea On NZDCAD Currency Pair

25 Haz 2023

This video is my technical analysis of the NZDCAD currency pair. The market structure is bearish out of which a bear channel was created showing the strength of the CAD over NZD. I see a double-bottom chart pattern about to form and this is indicative of a bullish reversal to the upside from the support level. I will use a pending order for entry and set a smart natural stop loss using ATR plus the previous low as SL. TP will be based on RRR 2:1. Hope this analysis makes sense guys? Cheers!