NZDCAD OUTLOOK
Price is in an uptrend movement and has formed a falling wedge pattern which indicates a potential bounce.
Impulse long entries can be taken as bullish momentum could still be sustained.
The confirmations are the RBS zone, the SnD and the Trendline.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
We had our buy limits set up with upside potential in the R:R ratio of 1:5
Price is in an uptrend movement and has formed a falling wedge pattern which indicates a potential bounce.
Impulse long entries can be taken as bullish momentum could still be sustained.
The confirmations are the RBS zone, the SnD and the Trendline.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
We had our buy limits set up with upside potential in the R:R ratio of 1:5