NZDCAD Potential Uptrend Forming

26 янв.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.

26 янв.

Комментарий

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.

26 янв.

Заявка отменена

Price runs deep into the zone, no clear direction. Just monitoring

29 янв.

Комментарий

Price now has reversal signs, waiting for lower time frame trend confirmation.

30 янв.

Сделка активна

Trend established, trade open

31 янв.

Сделка закрыта вручную

Trend shifted, market structure H1 no longer favorable.

Price may still go up with lower chance.