NZDCAD: Counter trend LONG trade opportunity
NZDCAD is showing a strong reversal daily candle at a previous structure. The zone act as a support and resistance on countless occasion. Notice the higher wick that extend beyond the previous day high. That's a strong sign showing the Bulls intention to bring price higher. I will be looking to go LONG on this pair. But do take note that this is a counter trend trade. But there's still decent pips to be earn even if one target the fib 38.2 of the last Bear swing.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.