Travis_duncz

NZDCAD - Target 0.87000 Patience will get you paid

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Patience on this one but stay woke. The longer this one moves sideways the sharper the breakout.

I am looking fro NZD to tap into may turquoise zone, alot of wicks in this area and with not be done with the manipulation with lots of traders hold from the wicky zone.

Ill be looking for the stop loss hunt entry which is on a 61.80% fib level , allowing me to get a greater R:R ratio.

EMA is still being respected too by the candles. Patience on this one but I do have a bearish bias.
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.