PriceActionPros
Short

NZDCAD / H4 / Daily Forex Technical Analysis / 7.16.2019

OANDA:NZDCAD   NZD/CAD
Hello Traders, welcome to the Daily Forex technical analysis . Today is July 16th, 2019 and we will be taking a look at the New Zealand Dollar against the Canadian Dollar . Looking at the 4 hour time frame we are looking for price action to lose steam heading into the .8797 resistance area . If price action fails to break above this local top we will be looking for profitable conditions to set up for a short entry. Entry for a Short position near the .87960 resistance area , with a Stop Loss near the .88205, for what can be a profitable trade with a 2.47 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
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