DacresFx
Short

NZD/CAD - Very Nice short -

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
370 5 16
Very nice short trade here
- MA Suggest that we have more down momentum
- Long term MA Above price
- Short term MA Potential Cross to the downside
- Clear breakout of previous resistance, then a break back inside ( Weak Bulls)
- Long bearish candle wick showing sellers are trying to push price lower, for a bull retracement indicates so selling pressure
- Clear horizontal resistance point

Good Luck
DacresFx
alex.a
9 months ago
indeed, although the previous pin bar looks so risky...
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alex.a alex.a
9 months ago
pin bar means there were people who wanted to buy at that price. How strong ? don't know.
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Petaryot
9 months ago
Hey! Are you still short on that? I entered short but its seeing some horizontal movement and its making me uneasy :D
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DacresFx Petaryot
9 months ago
Yes, sir... agree some range bound movements but im pretty confident we might see some more movement to the downside... the MA's Suggest
Reply
sansfx
9 months ago
Nice call, if sl was slightly bigger it would of been in profit.
Reply
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