R34No925
Short

NZDCAD - SHORT @ Strong Resistance Zone

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Price has now approached a strong resistance zone and is showing signs of stalling and i see the short opportunity here. I have entered according to the 4hr charts but will wait for the blue diagonal support line to be broken to add more positions.

1. Strong Resistance
2. RSI divergence
3. MACD4C divergence
4. 10 MA crossover

TP1 @ 250 pips
TP2 @ 450 pips
SL Slightly above resistance


Ricardo_Ralon
5 months ago
I'm also on this trade, had similar thoughts as you, but can't quite figure out, what was it that made it reverse... any thoughts?
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