This is my analysis of the NZDCAD Breakout coming very soon. As you can see, the bullish channel shows that price will most likely break to the BUY ZONE. In addition to that, price has retraced past the 618 on the Fibonacci so that makes me think that this may be a full on reversal of the downtrend.
Let's wait and see but I have already taken out a buy position.
Let's wait and see but I have already taken out a buy position.
Note
BOOM!!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.