NZDCAD will remain a bullish trend as the pair hunts down previous LowerHighs. Setting the circles for potential take profits and the blue box for a stop loss you can expect at most a 20pip opportunity.
Be patient and wait for a new HigherLow to form in order for a lower risk to reward ratio when placing your stoploss, otherwise you can still place your stop loss underneath the Green Line which indicates the HigherLow. If this is indeed a true trend the green line will not be broken however a fake break is always possible.
Be patient and wait for a new HigherLow to form in order for a lower risk to reward ratio when placing your stoploss, otherwise you can still place your stop loss underneath the Green Line which indicates the HigherLow. If this is indeed a true trend the green line will not be broken however a fake break is always possible.