NZDCAD: Confluence Zone & Your Trading Plan 🇳🇿🇨🇦
https://www.tradingview.com/x/ARPDuWwz/
NZDCAD is testing an important confluence zone:
I spotted a perfect match between a horizontal key level and a falling trend line.
For a confirmation, watch a double top pattern on 1H time frame.
We need a breakout of its neckline as a trigger.
Hourly candle close below 0.8356 will confirm a violation.
A bearish continuation will be expected to 0.83 level then.
If the price sets a new high, the setup will become invalid.
❤️Please, support my work with like, thank you!❤️
NZDCAD is testing an important confluence zone:
I spotted a perfect match between a horizontal key level and a falling trend line.
For a confirmation, watch a double top pattern on 1H time frame.
We need a breakout of its neckline as a trigger.
Hourly candle close below 0.8356 will confirm a violation.
A bearish continuation will be expected to 0.83 level then.
If the price sets a new high, the setup will become invalid.
❤️Please, support my work with like, thank you!❤️
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