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TheSignalyst
Jun 30, 2022 11:51 AM

NZDCAD - Video Top-Down Analysis! Long

New Zealand Dollar/Canadian DollarFXCM

Description

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

Here is a detailed update top-down analysis for NZDCAD.

Which scenario do you think is more likely to happen? and Why?

Always follow your trading plan regarding entry, risk management, and trade management.

Good Luck!.

All Strategies Are Good; If Managed Properly!
~Rich
Comments
LucrativeLeroy
I'm shorting this position. It's too hard to ignore sentiment at this point in my career. It's so obvious everyone is trying to buy. Anyways, that's just my 2 cents. Best of luck to everyone 👍🏽
TheSignalyst
@LeroyPastranJr, I agree Leroy, we are bearish until the bulls take over by breaking the channel. I wouldn't be shorting this one as per my trading style as the RRR is bad. but of course, follow your trading plan. Appreciate your respectful comment. best of luck
alex_k_95
Good Morning Richard! Thank you for the analysis! I am certainly looking for a long position in this area. I will be waiting for a broken structure from a reversal pattern.
TheSignalyst
@alex_k_95, good luck Alex. wait for the bulls to take over first by breaking the channel. meanwhile we are bearish
DeGRAM
Thank you
Vibranium_Capital
Keep going my man!
KlejdiCuni
Marvelous! I love it.
MonoCoinSignal
Logical analysis
CobraVanguard
great lovely
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