Trading_Zone_3773

NCAD - DAILY SUPPORT/DEMAND + H4 DIVERGENCE

Long
FOREXCOM:NZDCAD   New Zealand Dollar / Canadian Dollar
Daily time frame : Price is approaching strong support + demand zone. Price got rejected multiple time at this zone. We will expect the same behavior.

H4 time frame : AO divergence: Price is making lower low while AO is making higher low => Divergence => Seller is getting weaker.
Let’s monitor price action and look for BUY entry

JUST REMEMBER TO MANAGE YOUR CAPITAL WHILE TRADING. NO MATTER HOW PERFECT YOUR TRADING SYSTEM IS, THE WAY YOU MANAGE YOUR RISK IS THE KEY TO BE A CONSISTENT TRADER.

NZDCAD NZDCAD NZDCAD
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