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Hammoud8721
Jul 25, 2021 5:50 AM

NZD CAD Major potential accumulation Long

New Zealand Dollar/Canadian DollarFXCM

Description

Hey Guys,
NZD CAD just came out of an accumulation on the daily timeframe, confirmed by the most recent break of structure, so our overall bias is long. But scoping in on the 1 hr timeframe we can see re-distribution, so we will not enter long yet, instead we will wait for price to go lower, and we MUST see accumulation on lower timeframes to go long, if we don't see an accumulation then very simply we will not be entering any longs. we will wait for the lower timeframes to be aligned with the higher timeframe to enter long. will update through the week.
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