NZDCAD - Potential Bullish Reversal!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
NZDCAD is overall bearish trading inside the orange channel and we are currently approaching a support zone so we will be looking for buy setups on lower timeframes.
on H1: Right Chart
NZDCAD formed a wedge pattern but it is not ready to go yet.
🏹 Trigger => for the bulls to take over, we need a momentum candle close above the gray last swing high to buy.
Meanwhile, until the buy is activated, NZDCAD can still trade lower inside the blue support zone.
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
NZDCAD is overall bearish trading inside the orange channel and we are currently approaching a support zone so we will be looking for buy setups on lower timeframes.
on H1: Right Chart
NZDCAD formed a wedge pattern but it is not ready to go yet.
🏹 Trigger => for the bulls to take over, we need a momentum candle close above the gray last swing high to buy.
Meanwhile, until the buy is activated, NZDCAD can still trade lower inside the blue support zone.
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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