NzdCad Trade Idea

14 oct.

NC for me is bearish at the moment. Price is currently retesting a daily higher low after breaking bullish structures last week. We are bullish on smaller time frames at the moment with price giving us the pullback to retest. I'll personally be waiting on price to shift on the smaller time frames to then be in sync with the new overall trend. That shift should be our window to get into shorts for the new week. We could expect price to tap back into the low it made last week. Now if price comes back above that daily higher low with both time frame supporting longs then longs would end up being the new priority for me. We'll see what happens.