UnknownUnicorn3249870

NZD/CAD bears are going to break ascending channel

Short
OANDA:NZDCAD   NZD/CAD
đź’ˇHello traders,

Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.

NZD/CAD has been inside ascending channel now for a while, but now price faces first major obstacle - weekly resistance line. We will wait for price to be outside of this channel before opening short positions.

Let us know what you think about this idea.

Trade safe !
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.