NZDCAD - UPDATE STILL SHORT LIKELY RETURN TO CHANNEL TREND TRADE

Display: NZDCAD

Description: As shown above we have NZDCAD . We are currently Bearish having broken out of the bus channel
we are swiftly returning a break back into the channel will be a perfect opportunity to join the trend. Price has just broken out of the
triangle the BLUE line if you look left is previous structure a break and close below this will signal strong bearish control i would then
look to SHORT this Pair.
.

Indicators: 50 & 200 EMA possible bearish cross on 1HR

Duration: Long Term

Decision: I will SHORT this pair on a break Below the BLUE line followed by confirmation with a break back into the channel.

Trade Setup:
Entry: 0.88700
TP 1 : 0.87600
TP 2 : 0.86600
SL : 0.89400 - 0.89600

Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post you analysis below.

Remember to always trade your stratergy... Happy Trading

Comment:

Stil awating A Break back into the channel