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.
📚 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.
📚 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
Instagram
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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