Jal121

NZD/CAD - Break of Structure and Textbook B&R

Short
OANDA:NZDCAD   NZD/CAD
We've seen NZD/CAD in a long term uptrend. We see a break of structure, a retest of a previous structure low before bears enter the market.

Look at these textbook break and retest setups and potential entries you can take to the downside! A break and retest is when price breaks through a previous low in the market, retraces and tests this level as resistance before continuing the downside move.

Watch out for these types of setups across your currency pairs!