NZDCAD ANALYSIS
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Hello traders!
Here are my thoughts on NZD/CAD.
This pair has been in pretty bullish trend since May 2020 creating HH's and HL's. Recently it broke the weekly structure as you can see on the weekly chart below:
On the daily we can see that price is retracing back to the key level after breaking it through. My take is to wait for a pullback to the key level, wait for the re-test and enter a long entry. My TP would be place at next weekly level.
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if all conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
Hello traders!
Here are my thoughts on NZD/CAD.
This pair has been in pretty bullish trend since May 2020 creating HH's and HL's. Recently it broke the weekly structure as you can see on the weekly chart below:
On the daily we can see that price is retracing back to the key level after breaking it through. My take is to wait for a pullback to the key level, wait for the re-test and enter a long entry. My TP would be place at next weekly level.
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if all conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
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