NZDCAD offers a low risk buy opportunity here. You can establish a position buying gradually at the close of each day until Friday's close. Position size should be 0.15 lots per every 10k in your account more or less. A stop loss is detrimental, but we want to see the low hold for a week here.Potential upside is considerable, so it's worth taking this trade as a nice alpha source in your portfolio.
Good luck,
Ivan Labrie.
Note
On track, once above the resistance at 0.94554 we can expect a massive rally in this pair.Trade closed manually
It gets tricky here, better to swap this position for an NZDUSD long.
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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.