Trade idea on NZDCAD
Starting from the daily chart: Price is trending up and retested support +/- 0.8800 which coincided with the 50 ema.
Looking at a lower timeframe, the 4hr, you'll see price broke through a resistance level and is now retesting this zone. This zone now becomes support where we might see a bounce higher.
Possible entries could be at a fibonacce retracement (50%-61.8% retracement) or look on a 1hr timeframe price holds this level and is ready to move higher.
Looking at a lower timeframe, the 4hr, you'll see price broke through a resistance level and is now retesting this zone. This zone now becomes support where we might see a bounce higher.
Possible entries could be at a fibonacce retracement (50%-61.8% retracement) or look on a 1hr timeframe price holds this level and is ready to move higher.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.