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NZD/CAD
Long

NZDCAD: Bullish Outlook Explained 🇳🇿🇨🇦

422
snapshot

I spotted a solid rising trend line on NZDCAD on a daily time frame.
The price dropped to that last week.

Testing that, the pair formed an inverted head and shoulders pattern on an 1H time frame.
Its neckline has been recently broken & retested.

I expect a bullish movement to 0.8675 / 0.8696 levels now.

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Head and ShouldersMultiple Time Frame AnalysisnewzealanddollarNZDNZDCADpriceactionpriceactionanalysispriceactionstrategypriceactiontradingTrend Lines

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Head and ShouldersMultiple Time Frame AnalysisnewzealanddollarNZDNZDCADpriceactionpriceactionanalysispriceactionstrategypriceactiontradingTrend Lines
VasilyTrader
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❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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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.