NZDCAD - Potential Long from Support Zone

9 janv.

The NZDCAD pair is currently approaching a significant demand zone near the 0.80200 level. Historically, this area has acted as strong support, leading to bullish reversals. The recent decline into this zone suggests a potential for buyers to regain control and push prices higher.

A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would support the likelihood of a move upward. If the scenario materializes, the price may head toward the 0.81438, where sellers might step in again.

This setup aligns with a potential short-term rebound within the broader market structure. Traders should wait for confirmation of buying pressure before considering long positions.

What are your thoughts on this outlook?

12 janv.

Transaction en cours

20 janv.

Note

Slowly getting closer

21 janv.

Trade fermée: cible de profit atteinte

Take profit reached