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HashamARehman

NZDCAD - Double bottom hints for trend reversal...

Long
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
HashamARehman  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Double Top or Bottom priceaction Double Bottom
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trendanalysis chartpattern doubletoporbottom priceaction doublebottom
Here we are on NZDCAD daily chart as we can see this pair has formed very identical double bottoms around weekly support area near 0.8657 and buyers are taking price beyond neckline which is nearly at 0.8788 (daily resistance level) we would be interested in getting longs from the broken neckline as it may now act as RS Flip for the price. We would wait for bullish evidence on that zone. safe trading!
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