NZDCAD - Already OverSold ❗️

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 NZDCAD has been overall bearish, trading within the falling channel in red.

Currently, NZDCAD is approaching the lower bound of the channel.

Moreover, it is retesting a strong demand in green.

🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower red trendline.

📚 As per my trading style:
As #NZDCAD is hovering around the circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich