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NZD/CAD Potential Upward Movement

NZD/CAD Long-Term Trend: Bullish

Key Resistance Levels: 0.88808, 0.88917, 0.89023.

Key Support Levels: 0.88591, 0.88485, 0.88381.

1-Hr Chart:

The price on the higher time frame found support around the 0.88585 mark after it left long wicks to the downside and fake out. This shows that the buyers are now control of the market and is about to move to the upside in the coming hours.

NZD/CAD Medium-Term Trend: Bullish

15-Mins Chart:

On the lower time frame, the market managed to break the descending flag pattern to the upside after finding bulls around the bespoke support. A lower correction could be seen before a new impulsive toward the target profits.

Signal Idea:

Buy Limit Order @ 0.88496

TP 1 @ 0.88835

TP 2 @ 0.88917

Stop Loss @ 0.88327

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. Need to join your vip group

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