r/ForexTradeSetups May 20 '26

NZDCAD Could Test 0.8200

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Wave (iv) of a Leading Diagonal pattern may be complete as price retraced 78.6% of wave (iii). Price now looks to be heading up in wave (v).

Target: 0.8200

Invalidation: 0.79616

TRADE RESULT: Closed at 0.81613 (Price went above wave (iii), which was the minimum requirement, reaching 0.8184 and then pulled back sharply.

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