[LONG] NZDCAD Daily bullish. 4H shifted bullish gears signal BUY
COT data suggests institutions are buying NZD less than CAD by the COT Friday release.
Marked on the daily chart, a bullish break of structure.
If we look at 4H timeframe, an internal bullish structure happened last Friday. This can be a signal that the Daily correction/pullback is done.
An internal bullish shift of structure is a confirmation that price may now continue its DAILY bullish move targeting the highs at 0.83441
Marked on the daily chart, a bullish break of structure.
If we look at 4H timeframe, an internal bullish structure happened last Friday. This can be a signal that the Daily correction/pullback is done.
An internal bullish shift of structure is a confirmation that price may now continue its DAILY bullish move targeting the highs at 0.83441
Trade active
edit institutions *Buying NZD more than CADNote
4H timeframedoji candle formed at the support. Bullish reversal sign
Trade closed: stop reached
Note
Setup still valid. Daily structure is still bullish.
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.
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.