NZDCAD - Long Idea

2019-11-08 23:00:30

I have been capitalizing on this pair as of late...we have to ensure that is not clouding out judgement. Saying that, I "see" price confirming our thesis of upside potential.
1. Hammer formed at the 61.8% Fib level.
2. Price has relaxed after a strong up move.
3. We need to drop down timeframes to see what MACD is doing but this is a pure price action trade.
1% Risk, 2:1RR - Happy Trading!
Maybe even look at it next week?