NZDCAD potential rally

Hi

Traders I just diceded to share my trade idea with the community, I see a potential rally on this pair as long as price respect that demand zone that validate up trend. breakdown from the demand zone will lead to price decline to 0.83

your input will be appreciated

I like your analysis. I Would definitely like to see price stall in the support zone for a couple of weeks before entering an positions

I think, the volatility is relatively low here! that’s way, till now I have never used this trading pair. By the way, nice analysis! I hope, you’ll be consistent here with your trade ideas.

I would of waited for a confirmation candle rather than jumping straight in

Are you using fib retracements as well?

LongTerm32 posted:
I may have caught the bottom!😀

Stop at break even now. Let's see how high it goes.

LongTerm32 posted:
I may have caught the bottom!😀

May I know the final result of that trade? I am really interested to know.

Hi AmDiab,
That never set up right so I didn't trade audnzd. I am now long nzdcad looking for a price high on May 24/25.😄