NZD/CAD beautiful example of Sideways Channel

Let's take a look at NZD/CAD 4H chart, what we can see there is a beautiful parallel channel. Price right now is rejected from strong support and now is heading back up to retest resistance line. We can enter trade now as we can see that the price has been bounced from support line on multiple timeframes.

BUY @ 0.84157
TP1 - 0.84657
TP2 - 0.85157
SL - 0.83157

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Good luck !

Trade geschlossen: Stop wurde erreicht