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BachNTran

NZDCAD Potential Uptrend Forming

Long
NZD/CAD (OANDA:NZDCAD)  
BachNTran Updated   
OANDA:NZDCAD   NZD/CAD
Support and Resistance Multiple Time Frame Analysis
4
0
supportandresistance mtfa
NZDCAD

D1: Price bounced from daily support.
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H1: Price break previous resistance and retesting it.
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M5: retracement trend approaching H1 support zone and shows slow down sign. Wait for market structure shift and clear uptrend to enter long.
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Entry: Once M5 confirm the rally, enter with TP ~0.82725, entry & SL will be determined by market structure.

If it plays out nicely in ~5-6h then we might have a position.
Comment:
Price is turning, waiting for more structured trend before enter.
Does not seems like price will reach target by EOD, let see how it will play out.

snapshot
Order cancelled:
Price runs deep into the zone, no clear direction. Just monitoring
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Comment:
Price now has reversal signs, waiting for lower time frame trend confirmation.

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Trade active:
Trend established, trade open
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Trade closed manually:
Trend shifted, market structure H1 no longer favorable.

Price may still go up with lower chance.
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