NZDCAD buy on breakout
Hi traders,
NZDCAD looks like a great long opportunity. Keep an eye on this one during the week for the right time to buy in accordance with your trading rules.
With price still in the range, it's wise to consider your options: You can buy aggressively in structure in hopes of a breakout to the upside and a new impulse leg. Alternatively, you can watch for a breakout and a retest of structure turned support and buy there instead. If you don't know how to interpret both of these strategies, or you're unsure of entry and exit levels, you are not yet ready to trade live funds.
Best regards,
Tom_Killick
NZDCAD looks like a great long opportunity. Keep an eye on this one during the week for the right time to buy in accordance with your trading rules.
With price still in the range, it's wise to consider your options: You can buy aggressively in structure in hopes of a breakout to the upside and a new impulse leg. Alternatively, you can watch for a breakout and a retest of structure turned support and buy there instead. If you don't know how to interpret both of these strategies, or you're unsure of entry and exit levels, you are not yet ready to trade live funds.
Best regards,
Tom_Killick
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