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VladimirRibakov

NZDCAD Short Term Buy Idea

Long
NZD/CAD (OANDA:NZDCAD)  
VladimirRibakov  
OANDA:NZDCAD   NZD/CAD
Trend Analysis Multiple Time Frame Analysis Trend Lines NZDCAD buy Bullish Patterns keysupportzone bulloshdivergence higherhighs Trend Line Break
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trendanalysis mtfa trendline nzdcad buy bullish keysupportzone bulloshdivergence higherhighs trendlinebreak
D1 - After the strong bullish rally currently it looks like a correction is happening in the form of double wave down.

Price has reached a key support zone.

Bullish divergence.

H4 - Higher highs.

Currently it looks like a correction is happening.

Until the key support zone holds my short term view remains bullish here.

A valid breakout above the most recent downtrend line would be the validation for this bullish view.
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