NZD / CAD Change of direction Looking at the higher timeframes like the daily you can see we were obviously Bearish and had a bearish trend going, upon reaching 2nd Feb, we seem to have changed direction.
Therefore we are now Bullish.
Move across to the 4 Hour timeframe as shown in my screenshot here, I've marked out two gaps that need to be filled on the 4H timeframe.
The first Gap is my TP 1, the next one up is my TP 2
I'll be playing this idea as follows:
Entry: 0.82516
Stop Loss : 0.82370
Final Take profit 0.83619