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AzaraFx

NZDCAD SHORT

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
AzaraFx Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns breakouttrading Trend Line Break nzdcadshort nzdcadsell NZDCADSIGNAL NZDCADANALYSIS
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trendanalysis chartpattern breakouttrading trendlinebreak nzdcadshort nzdcadsell nzdcadsignal nzdcadanalysis
Formation of a double top on the weekly, daily, and 4H chart gives a strong indication that price will head downwards after experiencing bullish momentum for a period of time. Price is also at an important area of resistance at which I expect the price to be rejected and head downwards to form a bearish momentum.

Trading this pair using the breakout strategy.

SL: 0.88470 (-59.5 pip risk)
TP1: 0.86610
TP2: 0.85387
TP3: 0.84249
TP4: 0.83303

Let me know what you think. Let's get 'em pips :).
Trade active:
Already active in this trade since Monday entered @ 0.87864.
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