CADNZD H4 LONG PRICE ACTION FORECAST

The Canadian dollar has been into a consolidation mode, with CADNZD recently bouncing from a low level from December 2019 and experiencing a price compression, an uptrend breakout is most expected. It is allowing the placement of a buy order to capture the forthcoming upward momentum.

The order:
Type: buy-stop
S/L: 73 pips - R:R | 1:3 -
T/P: aiming towards the previous demand zone

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