TradingView
Richie242
Nov 24, 2020 6:10 PM

NZDCAD Overbought Conditions 

New Zealand Dollar/Canadian DollarFXCM

Description

NZDCAD has been in an overbought market condition but it still managing to create HH's and HL's. Shorts will only be valid once we get a daily close below support and if the most recent HL is broken. Once there's a structure shift, I'm going to wait for a pullback before placing shorts. A break above current HH will invalidate potential short setup.
Comments
spyboy023
Great idea!
More