- Price has hit a reversal point on the daily.
On the 4H chart, price has been making new structure highs whilst making 3 trendline touches (but not closes below)
Price has recently retraced into a recent level of structure support.
Price also retraced into the 382 Fibonnacci level.
Price rejected at recent support and entered into a descending channel.
Entered on the bullish pin bar.
Stop loss set 1.5 ATR below entry
Take profit set in consolidation area
NZDCADTrade closed: stop reached
Stopped out on 16 March 2022.-1R trade
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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.