💵NZDCAD: Potential Long
Hi Everyone! Hope everyone is having a fantastic Friday.
We are currently looking at a potential long setup on the NZDCAD @ the to 0.86900 0.86300 zone. As you can see we have been getting Higher Highs and Higher lows, indicating a confirmed uptrend.
So until the trend shows other wise we are looking for price to reject at its current zone and push down to our support zone at 0.86900 - 0.86300
Does this mean it will be a definite long opportunity? No. The reason we say so is that we have to wait for confirmation of a valid setup increasing the odds of trend continuation.
Let us know your thoughts on the pair.
Happy Trading,
Wolf pack Team.
We are currently looking at a potential long setup on the NZDCAD @ the to 0.86900 0.86300 zone. As you can see we have been getting Higher Highs and Higher lows, indicating a confirmed uptrend.
So until the trend shows other wise we are looking for price to reject at its current zone and push down to our support zone at 0.86900 - 0.86300
Does this mean it will be a definite long opportunity? No. The reason we say so is that we have to wait for confirmation of a valid setup increasing the odds of trend continuation.
Let us know your thoughts on the pair.
Happy Trading,
Wolf pack Team.