NZDCAD is has been creating lower lows and lower highs indicating bearish structure in the market hence will be looking for shorts.
Price is rallying back to an intraday level (top blue area) on the 1 hour chart where bears might be sitting and that's where I will be looking for sell opportunities.
The grey mid-level area is where I anticipate price to exhaust (if it does) before continuation the structure high (top blue area). Possible long opportunities.
I will only take longs if price exhausts and holds the mid-level or breaks the intraday high and holds above that level.
Cheers.
Price is rallying back to an intraday level (top blue area) on the 1 hour chart where bears might be sitting and that's where I will be looking for sell opportunities.
The grey mid-level area is where I anticipate price to exhaust (if it does) before continuation the structure high (top blue area). Possible long opportunities.
I will only take longs if price exhausts and holds the mid-level or breaks the intraday high and holds above that level.
Cheers.