NZDCAD entry opportunity earlier this morning

So you’ve probably heard this quite a bit now, but, once again, NZDCAD demonstrates another long entry opportunity to which I got in earlier this morning.

Screen Shot 2018-02-28 at 1.19.25 PM
NZDCAD 4-Hour

While it’s not a daily level that held up, NZDCAD selling strength weakened from an intra-day standpoint. You can see that ranging pattern and immediate bullish candle following the previous bearish candle in the highlighted yellow circle. I took a stab at it and entered shortly after the formation of the second bullish candle.

 

Screen Shot 2018-02-28 at 1.29.33 PM
NZDCAD 1-Day

Since we’re at another swing low, I currently do not have a an exit target.

 

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