NZDCAD

The double bottom occurrence is a price pattern indicative of bullish momentum upon a breakout on the upside.

SUMMARY.

We patiently wait for price action to guide on whether to follow price after the breakout or rebound downwards upon being resisted at the neckline.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.