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Nzdcadlong

NZDCAD - Great TradeExpecting further downside on this pair after breaking the previous significant structure. We are working with the small bear flag patterns that are being formed on the way down in the hope of a major downside move. I have entered this trade because: - The COT data is supporting our decision - After viewing and analyzing CAD base pairs, I have come to the conclusion CAD could continue to strengthen against the NZD - We are now trading below what was the previous significant structure, this level can be now used as a rejection zone for further continued downside.
Short
by AlkalineFX
NZDCAD long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
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