Fan-lines indicating parabolic move with likely exhaustion back to support. Acceptable Risk to Return ratio with high probability of bearish retracement.
If valid indication of previous support found at base of descending channel, high probability of bullish retracement to centre of channel.
Enter Long 1 spread above last bar high with Stop Loss 1 spread below
Long target approximating length of trend-line to apex of head/trough
Bullish Retracement after test of support. Failure point at lowest support line
Confirmation required: Wait for Bullish breakout of Triangle
NZDCAD Possible Break and Fake Retracement