NZDCAD is trending up overall making higher lows. Price just touched the trendline and presented us with a hammer which is a strong reversal pattern candle on the daily timeframe. I'm expecting NZDCAD to buy for 200+ pips.
Note
Great risk to reward. I'm waiting on a bullish candle closure on the 1hr timeframe before entry, to complete the head and shoulders.
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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.