MrVolcano

NZDCAD bounced off 38% fib retrace. Ready to enter LONG again

Long
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
fib
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1
fib
Long running uptrend has just had a pullback to Fib38% level. Looks like buyers are re-entering.

There is some risk. Bears are quite strong and there has been a LH/LL on the 4h. The test will be whether price can break above 0.9400 where there could be bears lurking.

Still worth taking as good R/R, just keep an eye open at 0.9400 and be prepared to sell if necessary.

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