thetradeWELL

LONG NZDCAD on Daily Chart

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OANDA:NZDCAD   NZD/CAD
The tradeWELL FX algo printed a countertrend entry-with-trigger on long NZDCAD on 08/01 with entry between 0.80885 and 0.81135. Initial target at 0.82750 with stop at 0.79020 trailing.

The pair completed an orthodox head-and-shoulders pattern.

Market sentiment is neutral, slightly favoring the bulls.

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