NZDCAD Potential Uptrend Forming

NZDCAD

D1: Price bounced from daily support.

H1: Price break previous resistance and retesting it.

M5: retracement trend approaching H1 support zone and shows slow down sign. Wait for market structure shift and clear uptrend to enter long.

Entry: Once M5 confirm the rally, enter with TP ~0.82725, entry & SL will be determined by market structure.

If it plays out nicely in ~5-6h then we might have a position.

Kommentar:

Price is turning, waiting for more structured trend before enter.
Does not seems like price will reach target by EOD, let see how it will play out.

Order storniert:

Price runs deep into the zone, no clear direction. Just monitoring

Kommentar:

Price now has reversal signs, waiting for lower time frame trend confirmation.

Trade ist aktiv:

Trend established, trade open

Trade wurde manuell geschlossen:

Trend shifted, market structure H1 no longer favorable.

Price may still go up with lower chance.