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Stargazer_fx
Dec 17, 2020 7:55 AM

NZDCAD broke above resistance structure,+90 pips growth expected Long

New Zealand Dollar/Canadian DollarFXCM

Description

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NZDCAD
The price broke aboce resistance structure with a strong bullish candle and price is nicely holding above resistance turn support structure, If price continues to hold above the structure I expect the price to move higher towards the next resistance with 2 targets..



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Trade closed: target reached

first target reached
Comments
jojofang0901
very interesting, thx for the breakdown
Stargazer_fx
@jojofang0901, thanks mate
forexboat
Nice technical analysis.
Stargazer_fx
@forexboat thanks mate
Underground_trader
Amazing analysis mate
Stargazer_fx
@Underground_trader, thanks mate
KlejdiCuni
Great job! That break of structure might be a good buy possibility. Thanks
Stargazer_fx
@KlejdiCuni, thanks mate
Kristenstewart
Nice explanation
Stargazer_fx
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