NZDCAD sell setup.
Indicators: Downwards trend and support has not yet been hit.
Entry:
1. Look for a break below 0.8738 area for a sell confirmation.
2. Sell retrace at 0.8796 area.
TP @ 0.8565 but I recommend taking 40-50 pip increments as you trade down.
Good luck trading. Please like these free analysis so others may benefit from it.
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made simple
Indicators: Downwards trend and support has not yet been hit.
Entry:
1. Look for a break below 0.8738 area for a sell confirmation.
2. Sell retrace at 0.8796 area.
TP @ 0.8565 but I recommend taking 40-50 pip increments as you trade down.
Good luck trading. Please like these free analysis so others may benefit from it.
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made simple
Comment:
Support has been pierced but looking for a 4hr candlestick close under support.
Comment:
We now have a close under the support level, look to sell downwards.
