BachNTran

NZDCAD Potential Uptrend Forming

Largo
BachNTran Actualizado   
OANDA:NZDCAD   NZD/CAD
NZDCAD

D1: Price bounced from daily support.

H1: Price break previous resistance and retesting it.

M5: retracement trend approaching H1 support zone and shows slow down sign. Wait for market structure shift and clear uptrend to enter long.

Entry: Once M5 confirm the rally, enter with TP ~0.82725, entry & SL will be determined by market structure.

If it plays out nicely in ~5-6h then we might have a position.
Comentarios:
Price is turning, waiting for more structured trend before enter.
Does not seems like price will reach target by EOD, let see how it will play out.

Orden cancelada:
Price runs deep into the zone, no clear direction. Just monitoring
Comentarios:
Price now has reversal signs, waiting for lower time frame trend confirmation.

Operación activa:
Trend established, trade open
Operación cerrada manualmente:
Trend shifted, market structure H1 no longer favorable.

Price may still go up with lower chance.
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