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