THE KIWI SOARS! | NZDCAD (2H)

We did enjoy a 185pips profit on the last speculation on this pair (see link below for reference purposes) where price nearly hit our stop-loss range before a dramatic reversal from the zone. Find here a follow-up plan thus;

Tendency: Uptrend (Bullish)
Structure: Harmonic | AB=CD forming
Observation: i. Impulse A-to-B breaks resistance @ 0.83600 to become new support C.
ii. B-to-C: The B- to-C leg is at exactly 61.8% Fibonacci retracement of the A-to-B leg.
iii. Expecting a harmonic move that will replicate the A-to-B leg
Trading Plan: BUY with a potential TP1, TP2 and TP3 with 185pips and SL @ 0.8300/0.82800 zone.
Risk/Reward: 1/2
Potential Duration: 1 to 4 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.



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