A pure price action strategy will come in play
On a daily time frame we see bearish candle, however before day close 4 H we see a hammer formation .The significance of the 4 hour candle is not much because the wick is not prominent and its not forming at support tat we are looking for {pink rectangle}
Fundamentally
CAD got a stronger employment data due to which it got stronger , however the coming we have CPI news For NZD and CAD where is its forecasted same for NZD and negative for CAD , which will put us in the right spot to go long
On a daily time frame we see bearish candle, however before day close 4 H we see a hammer formation .The significance of the 4 hour candle is not much because the wick is not prominent and its not forming at support tat we are looking for {pink rectangle}
Fundamentally
CAD got a stronger employment data due to which it got stronger , however the coming we have CPI news For NZD and CAD where is its forecasted same for NZD and negative for CAD , which will put us in the right spot to go long
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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.
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.