RiosTrades

NZDCAD Long Opportunity

Long
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
After careful observation on this pair last week, it seems to set its self of nicely for a long opportunity that would be very optimal for our risk-reward. Going further back into historical data, double tops and double bottoms both are strong reversal patterns in this pair. It'd give us great chances of price going our way if we see price close above the last local support wick therefore allowing us to enter long and carrying it for the rest of the week.
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