NZDCAD Long Trade Setup
Updated
Hello traders.
My forecast is the next up impulse after the weekly running flat. That's why I will take long trades. The last down move is too sharp to be the whole correction but it can be in some rare cases. I hope it will go up impulsive. Even if it makes a correction, it would be a good trade. The trade setup is sharp up move and very clear looking correction. Wait for the breakout and a small flag before taking any trade. I have put an entry order.
My forecast is the next up impulse after the weekly running flat. That's why I will take long trades. The last down move is too sharp to be the whole correction but it can be in some rare cases. I hope it will go up impulsive. Even if it makes a correction, it would be a good trade. The trade setup is sharp up move and very clear looking correction. Wait for the breakout and a small flag before taking any trade. I have put an entry order.
Order cancelled
It broke the bottom.
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.