This pair is approaching the buy area for nzdcad
Look at rejection around the 61.8 fib, trend exhaustion and position your trade in conjunction with news. The market is oversold and there is big divergence
Cad dollar has had positive fundamentals today- therefore, bulls have been stronger
On the larger picture however, this pair has broken out, thus, we need to look for an entry around the area given.
Trade based on your own strategy i'm only providing an idea .
Thanks
Look at rejection around the 61.8 fib, trend exhaustion and position your trade in conjunction with news. The market is oversold and there is big divergence
Cad dollar has had positive fundamentals today- therefore, bulls have been stronger
On the larger picture however, this pair has broken out, thus, we need to look for an entry around the area given.
Trade based on your own strategy i'm only providing an idea .
Thanks
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.