Hello Traders and everyone, HADI IS HERE
If you like the idea, do not forget to support with a like and follow.
NZD/CAD, As we can see NZDCAD is bearish from a long term perspective
As the price is now clearly bullish making clean higher highs and higher lows trading inside this channel
however, we are bearish from a long term and approaching a strong resistance zone right !
so we will be searching for sell setups
for the bears to take over again we need a new swing low around the trendline then a break as shown in the picture
we will be targeting 1-2 RISK TO REWARD RATIO for a risk managment perspective
until that happens, we are bullish and price can still dive more before reversal
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
NZD/CAD, As we can see NZDCAD is bearish from a long term perspective
As the price is now clearly bullish making clean higher highs and higher lows trading inside this channel
however, we are bearish from a long term and approaching a strong resistance zone right !
so we will be searching for sell setups
for the bears to take over again we need a new swing low around the trendline then a break as shown in the picture
we will be targeting 1-2 RISK TO REWARD RATIO for a risk managment perspective
until that happens, we are bullish and price can still dive more before reversal
and as usual follow your trading plan and manage your risk.
Be patient and good luck!