NZDCAD H4 - Long Setup
NZDCAD H4
Resistance has seen an upside breach. Waiting for a support pullback, once of the main perks trading this strategy, regardless of whether a zone holds and rejects, or breaks and retest. We can also prepare and measure the trade or alternative trade, depending on what happens.
As annotated, waiting for the pullback (just like DXY H4 chart) before looking to load up on long positions, TP initially would be the breakout high extension.
Nice H1/H4 trend which looks clean too, so a nice continuation of that would work in bull favour.
Resistance has seen an upside breach. Waiting for a support pullback, once of the main perks trading this strategy, regardless of whether a zone holds and rejects, or breaks and retest. We can also prepare and measure the trade or alternative trade, depending on what happens.
As annotated, waiting for the pullback (just like DXY H4 chart) before looking to load up on long positions, TP initially would be the breakout high extension.
Nice H1/H4 trend which looks clean too, so a nice continuation of that would work in bull favour.
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e-Mail: info@tradesimplefx.com
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