Hello Traders!
NZDCAD has a setup which may result in triggering a buy. Since this setup is picking a bottom, I'd like to see some strong confirmation that price will turn from here. Targets are also unclear as price is still in a bigger pattern and can continue to consolidate or break out of it, extend it, etc. Bottom line is this is just a trade that may be good, nothing crazy though. not expecting this setup to be a monster.
Good Luck
NZDCAD has a setup which may result in triggering a buy. Since this setup is picking a bottom, I'd like to see some strong confirmation that price will turn from here. Targets are also unclear as price is still in a bigger pattern and can continue to consolidate or break out of it, extend it, etc. Bottom line is this is just a trade that may be good, nothing crazy though. not expecting this setup to be a monster.
Good Luck
Comment:
Price is pulling back. Wait for a corrective structure to enter
Comment:
Sorry wrong chart. I posted Bit by mistake.
Here is NCAD
Here is NCAD
David K Giraldo