NZDCAD bounce from major support on H4
NZDCAD bounce from major support on H4, has been wedging in, likely to break out here. Anticipatory trade - has confirmation of downtrend break and retest on H1. Strong bullish H1 rejection candle as entry signal, breaking up out of short term retracement.
SL well below last low and at bottom of major support zone, TP matches this 1:1.
Will take profit earlier if falters or manual SL if makes LL on a candle close.
SL well below last low and at bottom of major support zone, TP matches this 1:1.
Will take profit earlier if falters or manual SL if makes LL on a candle close.
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.