NZDCAD - Potential Bullish Reversal!
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NZDCAD is approaching daily support in green so we will be looking for buy setups.
on H1: NZDCAD is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, NZDCAD would be overall bearish can still trade lower in the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD is approaching daily support in green so we will be looking for buy setups.
on H1: NZDCAD is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, NZDCAD would be overall bearish can still trade lower in the green support.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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