NZDCAD Buy Idea
D1 - Triple cycle completed with divergence. Price bounced from the alternative trend line. We have further confirmations in the form of horizontal false breaks and alternative trend line false breaks.
We may now expect the price to move higher until it reaches the zone shown in the screenshot.
H1 - Triple cycle up, double cycle down, we can go long with the breakout of the trend line.
We may now expect the price to move higher until it reaches the zone shown in the screenshot.
H1 - Triple cycle up, double cycle down, we can go long with the breakout of the trend line.
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.