NZD/CADLong
NZDCAD might be very interesting to trade
NZDCAD is in very interesting turned trending spot. Buyers are in very strong territory, where decision was made. But there's not end yet, because continuation of this new trending flow might continue to higher targets.
We are expecting price to bounce from first support level at 0.89326. From this bouncing spot, we will start looking for buyers volume. If buyers will close daily enough stong, then H4 target is at first resistance at 0.89911.
If price will continue further, then moving Stop Loss to break even is next step to do, because we don't know how price might behave in Elite neutral spot. If price will break Elite neutral spot, we can expect our next target at 0.90801.
Hope this was helpful
Best trading
Elitefxacademy
We are expecting price to bounce from first support level at 0.89326. From this bouncing spot, we will start looking for buyers volume. If buyers will close daily enough stong, then H4 target is at first resistance at 0.89911.
If price will continue further, then moving Stop Loss to break even is next step to do, because we don't know how price might behave in Elite neutral spot. If price will break Elite neutral spot, we can expect our next target at 0.90801.
Hope this was helpful
Best trading
Elitefxacademy
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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.
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.