NZDCAD buy is coming!

2019-12-18 18:51:31

As we can see after a clear bearish trend or downtrend, the pair become consolidate for a while at its support zone plus if you notice the trending move was getting shorter when it was at its support zone and its retracement move was getting larger than usual.

And now there is a clear uptrend, the trending move is larger than retracement move, therefore we can predict that there is nothing fishy going on. With a tight SL, we can buy this pair. Also, all the moving averages are supporting our prediction.

Do let me know what you guys are thinking about this pair?