NZDCAD - Potential Bullish Reversal!

Dec 11, 2021

Hello everyone, if you like the idea, do not forget to support with a like and follow.

NZDCAD is sitting around strong support in green so we will be looking for buy setups.

on H4: NZDCAD is forming a channel in red, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, NZDCAD would be overall bearish can still trade lower till the lower green support before going up, or even break it downward.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich