Chinedumnweke

NZDCAD UPTREND CONTINUATION IN VIEW

OANDA:NZDCAD   NZD/CAD
Even though price is at resistance of triangle and a sell may be the most logical option, in the grander scheme of things, this symmetrical triangle suggests a continuation of the preceding uptrend. A breakout above this triangle would then be the cue to go for long positions. However, pending a breakout, still consider a selling position for the short term. Selling at this resistance area after further confirmations provides a better and safer place to enter but keep the possible triangle break at the back of your mind. Cheers!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.