NZDCAD LONG 4H TF

Daily: After a bearish impulse last week, and reversal candles completed, I expect a retracement to the 0.5 fib retracement level (TP1), or go on to the 0.682 level (TP2).

4H: I see the right shoulder of an inverted H&S pattern formed. I expect price to go complete the pattern.

I have two possible entries;

If price goes down a bit before the move up:
Entry 1: 0.86682

If price continues to the upside:
Entry 2: 0.86921

- Move SL to BE @ 20 pips. 15 pip trailing stop after that.

This is just what the charts tell me from a top-down analysis. This is in no way financial or trading advise. Trade at your own discretion.

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