NZDCAD H4 Potential Bounce | 28th Feb 2022

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On the H4, with price moving above the ichimoku cloud, we can expect bullish continuation from our entry at 0.84905 in line with 61.8% Fibonacci retracement towards our take profit at 0.86403 which is a strong resistance and in line with 61.8% Fibonacci retracement. Alternatively, price may break entry structure and head for stop loss, which coincides with the horizontal swing low support at 0.84137.

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