- Price has hit a reversal point on the daily.
On the 4H chart, price has been making new structure highs whilst making 3 trendline touches (but not closes below)
Price has recently retraced into a recent level of structure support.
Price also retraced into the 382 Fibonnacci level.
Price rejected at recent support and entered into a descending channel.
Entered on the bullish pin bar.
Stop loss set 1.5 ATR below entry
Take profit set in consolidation area
NZDCAD
Trade closed: stop reached:
Stopped out on 16 March 2022.
-1R trade
-1R trade