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zaglobaK
Dec 26, 2020 4:32 PM

Possible short with good RR (4:1) on nzdcad Short

NZD/CADCapital.com

Description


In my opinion it is possible to see the price get lower on nzdcad in nearest future. Price reach the resistance and shows the fast rejection reaction. Then price goes higher but very slowly. This could mean that the bulls lost their momentum. Currently it's like cachign the top so a little bit risky.
Of course nothing is certain in stock.

Pros:
+ resistance level
+ possible double top
+ great RR = 4

Cons:
- slow sysematic grow could last long
- against the overall trend from last few weeks
Comments
Investroy
Great chart work!🔥 More analysis to come?✍️
zaglobaK
@Investroyllc, thanks. I hope so:)
First we will see what will happened with this one. If it will be correct or not.
zaglobaK
So what do You thnik ? Maybe You see something different on the char or something more than me ? I'm eager to hear Your opinions.
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