NZDCAD is currently In wave B correction and approaching the 50 fibonacci alongside the channel support. We are expecting a bounce off the channel and then break of the red trendline for confirmation.
Trade Idea:
– Watch for bounce off fibonacci/channel
– Confirmation on break of red trendline
– Stops go below the lows after the breakout occurs
– Targets: 0.86 (380pips), 0.88 (580pips), Hold small position for swing
Goodluck and as always, trade safe!