NZD VS CAD BEAR HUG BANKROLL
Ladies and Gents, last time we checked price was bear hugging 0.80500 before testing previous support around 0.80150 last week. Price double bottomed staying in this 50+ pip range showing opportunity to countertrend surf or patiently wait for another signal to enter into bearish structure upon finding a valid LH. After reaching a resistance zone around 0.80600 made about 2 days prior we see a rejection with buyers exhaustion. Price then dropped finding support around 0.80400 before consolidating based off the 1H and continuing its descend. Entries could have been made on the retest NY session Friday. Will keep an eye out to see if we get another nice pullback or will the drip continue? Happy Trading!
Related publications
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.