NZDCAD is currently testing strong daily structure support.
On that, the price is currently forming a double bottom formation.
To catch a bullish move, wait for a breakout of 0.8778 local structure resistance (1H candle close above)
Then buy aggressively or on a retest.
Goal - 0.8832
In case if the price sets a new low hourly, the setup will be invalid.
Note
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✅Join My Telegram Channel: t.me/VasilyTrading
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✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.