NZDCAD : Long Setup with Potential Buy Zone

Hello Traders.
First of all , if you think this analysis is useful to you,
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Let's start :

The US Dollar Index has been rising for the full 103 weeks :

https://www.tradingview.com/x/ztFRwz5o/

Terminal Status in these 107 weeks:

https://www.tradingview.com/x/RDUBLzTp/

When we look at the terminal, NZD and CAD seems equal in terms of both positions,but NZD is more discounted.

Recommended parameters:


Position Size : %0.5


Risk/Reward Ratio : 1/1.87 (But if we get an opportunity inside Buy Zone, this rate can become more valuable.)


Stop-Loss : 0.84575


Goal : 0.86196


NOTE :

In the case of a negative scenario, we may have to try again ,
so let's keep the position size in small amounts.
And let's consider the Buy Zone (Yellow Area).

Regards.