NZD/CADLong
NZDCAD: Your Trading Plan For Today 🇳🇿🇨🇦
https://www.tradingview.com/x/Luve1RFq/
NZDCAD is testing a key daily structure support.
The price already formed a doji candle on that, confirming a local weakness of sellers.
To buy the pair with a confirmation,
I would suggest waiting for a breakout of a neckline of a cup and handle pattern on 4H time frame.
4H candle close above 0.806 will confirm the violation.
A bullish continuation will be expected to 0.809 / 0.811 levels.
If the price sets a new lower low, the setup will become invalid.
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NZDCAD is testing a key daily structure support.
The price already formed a doji candle on that, confirming a local weakness of sellers.
To buy the pair with a confirmation,
I would suggest waiting for a breakout of a neckline of a cup and handle pattern on 4H time frame.
4H candle close above 0.806 will confirm the violation.
A bullish continuation will be expected to 0.809 / 0.811 levels.
If the price sets a new lower low, the setup will become invalid.
❤️Please, support my work with like, thank you!❤️
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