TradingView
ForecastCity_ME
Jun 7, 2021 12:30 PM

💡Don't miss the great buy opportunity in NZDCAD Long

New Zealand Dollar/Canadian DollarFXCM

Description


Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8687).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 68.

Take Profits:
TP1= @ 0.8736
TP2= @ 0.8769
TP3= @ 0.8797
TP4= @ 0.8816
TP5= @ 0.8851

SL= Break below S2

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Comments
carefulOwl22772
Looks good to me. Thanks for sharing .
ForecastCity_ME
@carefulOwl22772, You're welcome! Thank you for your comment.
Mehmetozdemi
Super perfect analysis.
ForecastCity_ME
@Mehmetozdemi, Thank you for your comment. We appreciate it.
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