Trend Continuation Trade on NZDCAD
- 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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