NZDCAD: Confluence Zone & Your Trading Plan 🇳🇿🇨🇦

١٤ يوليو ٢٠٢٣

https://www.tradingview.com/x/ARPDuWwz/

NZDCAD is testing an important confluence zone:
I spotted a perfect match between a horizontal key level and a falling trend line.

For a confirmation, watch a double top pattern on 1H time frame.
We need a breakout of its neckline as a trigger.
Hourly candle close below 0.8356 will confirm a violation.

A bearish continuation will be expected to 0.83 level then.

If the price sets a new high, the setup will become invalid.

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