NZD/CAD Two Possible Scenarios
🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Resistance Zone.
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🔸Now, it is facing the Ascending Trendline.
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🔸We have two possible scenarios here. In case of a breakout to the downside, we will consider a short trade towards the Support Zone. And, in case of a clear bounce, we will look for a long trade towards the Resistance Zone.
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🔸 Will look for a lower timeframe setup.
🔸DAILY CHART ANALYSIS:
.
.
🔸Price bounced at the Resistance Zone.
.
🔸Now, it is facing the Ascending Trendline.
.
🔸We have two possible scenarios here. In case of a breakout to the downside, we will consider a short trade towards the Support Zone. And, in case of a clear bounce, we will look for a long trade towards the Resistance Zone.
.
🔸 Will look for a lower timeframe setup.
🔸DAILY CHART ANALYSIS:
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