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VladimirRibakov
Apr 21, 2016 6:36 AM

NZDCAD Double Wave Cycle Sell Idea Short

NEW ZEALAND DOLLAR / CANADIAN DOLLARICE

Description

NZDCAD has a bearish convergence on the H4 chart, what we need now is a retrace in order to join the sells.
Therefore we go to the lower TF and try to sell when price is bouncing on the red TL. Sell after a bearish candle pattern and/or divergence in order to join the second part of a double wave cycle.

TP 0.8699
SL 2 pips + spread above last high after price touched the red TL.
Comments
leharman
Good one, Vlad!
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