NZDCAD: Long Opportunity

Price created a flag pattern the can be the first wave of a move to upside for the retest of the top of the structure. Flag was broken out from a bullish 240 min engulf and price is consolidating above the flag.
On daily chart price tested several times 200 EMA and the bottom where the price is now can be a good reversal zone for one more move up.
Any break below 1.8957 and the green zone to downside will confirm that more downside is coming.

Good Luck!

ความคิดเห็น:

Daily chart

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