NZDCAD, resistance zone into support zone.
We can see that what was once a resistance zone has now become a support zone. Price has also created a lower high which allows us to add a trend line to the chart. If price makes its way back to the support zone and we get signs of rejection, drop to a lower time frame and enter a buy after we get a bullish breakout.
However, if price returns to the support zone and we get a breakout, wait for a retest on a lower time frame before entering a sell.
However, if price returns to the support zone and we get a breakout, wait for a retest on a lower time frame before entering a sell.
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