Temporary Buy NZD/CAD

7 févr. 2023

Hello Traders, I've entered long on this pair for 3 main reasons. If you see on our 4hr chart, you see we have formed a double bottom. This is a good sign from the bulls that this support we are in is strong. Now we look for confirmation to enter this trade. We can clearly see a bullish engulfing candlestick has appeared. I have marked that candlestick in the chart. For extra confirmation, we ALSO have a bullish divergence on the 4hr chart. These are signs pointing towards a move up in my books.


Entry. 0.84690

TP: 0.85442
SL: 0.84242