NZDCAD Setup
Updated
Hello Traders!
NZDCAD has a setup which may result in triggering a buy. Since this setup is picking a bottom, I'd like to see some strong confirmation that price will turn from here. Targets are also unclear as price is still in a bigger pattern and can continue to consolidate or break out of it, extend it, etc. Bottom line is this is just a trade that may be good, nothing crazy though. not expecting this setup to be a monster.
Good Luck
NZDCAD has a setup which may result in triggering a buy. Since this setup is picking a bottom, I'd like to see some strong confirmation that price will turn from here. Targets are also unclear as price is still in a bigger pattern and can continue to consolidate or break out of it, extend it, etc. Bottom line is this is just a trade that may be good, nothing crazy though. not expecting this setup to be a monster.
Good Luck
Note
Price is pulling back. Wait for a corrective structure to enterNote
Sorry wrong chart. I posted Bit by mistake.Here is NCAD
David K Giraldo
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