AdamWiIson

NZDCAD - Long entry approaching?

Long
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
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3
0.5 fib may be on the verge of breaking, if it does then I will be longing at the 0.618 fib level which coincides nicely with a bearish breaker. Stop at the 0.79 level which coincides with a previous bearish breaker that has been heavily rejected twice as both support and resistance (arrows highlight this). Buy limits are in and this trade is roughly 2R!