NZDCAD is currently retesting the level it broke out from. My indicators are signaling a divergence, which is a sign that the pair will continue its Bearish trend. I'll be using the 15min & 1Hr time frame to enter a SHORT position. This is a position that could be held for 3-5 weeks (3-5 weekly candles) before I even consider taking profits.
This is a simple set up for any beginner trader, with even $25-50 in your account. You could easily double your account with this one trade, if the entry is decent.
My divergence indicator is the On Balance Volume Indicator. Put simply it signals weakness in buying momentum.
This is a simple set up for any beginner trader, with even $25-50 in your account. You could easily double your account with this one trade, if the entry is decent.
My divergence indicator is the On Balance Volume Indicator. Put simply it signals weakness in buying momentum.