NZDCAD has has just broken through a major resistance area. I'm expecting a pullback into this area after which i will be looking for buying opportunities. If we do pullback into this area, i will waiting for any signs of rejection by looking for bullish candlestick patterns. I usually look for these candlestick patterns ion the H1 chart. Any signs of rejection will be confirmation to go long. No confirmation = no entry
I have also set out 2 potential take profit areas. The 1st take profit area is 170 pips away from entry and the second around 230 pips away from entry.
I have also set out 2 potential take profit areas. The 1st take profit area is 170 pips away from entry and the second around 230 pips away from entry.