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Snick3rSD
Mar 25, 2024 4:44 PM

NZDCAD - Short from bearish order block ✅ Short

New Zealand Dollar/Canadian DollarFXCM

Description

Hello traders!
‼️ This is my perspective on NZDCAD.

Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I wait price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.82000.

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Comments
ICmarkets
Good analysis on identifying a suitable sell zone for the NZDCAD, since the overall market trend is bearish, I’m keeping a close eye on the bearish order block to see how the price would react to it
Snick3rSD
@ICmarkets thank you a lot!
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