NZDCAD bounced off 38% fib retrace. Ready to enter LONG again
Long running uptrend has just had a pullback to Fib38% level. Looks like buyers are re-entering.
There is some risk. Bears are quite strong and there has been a LH/LL on the 4h. The test will be whether price can break above 0.9400 where there could be bears lurking.
Still worth taking as good R/R, just keep an eye open at 0.9400 and be prepared to sell if necessary.
There is some risk. Bears are quite strong and there has been a LH/LL on the 4h. The test will be whether price can break above 0.9400 where there could be bears lurking.
Still worth taking as good R/R, just keep an eye open at 0.9400 and be prepared to sell if necessary.