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ForecastCity
Feb 18, 2020 7:20 PM

Don't miss the great sell opportunity in NZDCAD Short

New Zealand Dollar/Canadian DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.8495). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.

Take Profits:
TP1= @ 0.8425
TP2= @ 0.8345
TP3= @ 0.8245

SL: Break Above R2
Comments
Forecast_Crypto
Thank You for sharing!
ForecastCity
@Forecast_Crypto, Please don't mention it.
Forecast_Crypto
Your BIG PROFIT ROAD MAPs are unique and Excellent!
ForecastCity
@Forecast_Crypto, Yes indeed. Thanks for your nice comment on this post.
fxniki
It's a great opportunity to sell in New Zealand Dollar vs Canadian Dollar. Thanks for sharing it.
ForecastCity
@fxniki, Thanks for your nice comment.
Pro_Trader_007
Thanks a lot!!!!!!!!!!!!!!
ForecastCity
@Pro_Trader_007, You got it.
Pro_Trader_007
you are great
ForecastCity
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