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justinholtgrave
Jan 24, 2017 7:17 PM

NZDCAD - Sell Opportunity - Bollinger Band Squeeze Short

New Zealand Dollar/Canadian DollarFXCM

Description

NZDCAD is nearing a support area. If price can break through and close below the lower Bollinger Band, I will enter short. There is a strong Bollinger Band squeeze on the 4H time frame. RSI was recently overbought. TP levels set at fib retracement levels; 50%, 61,8% + 100%.
Comments
jojofang0901
Lovely trade setup, thank you very much for sharing your idea. I have similar view on this pair
as well.
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