See past NZDCAD Idea.
We are in a downwards weekly channel with the top channel holding as resistance.
Indicators:
1. We have confirmation of bearish daily candles closed under the channel with lower lows.
2. Weekly RSI in sell zone
3. Main direction is downwards.
Entry:
1. Top of channel @ 0.8877 area
2. Aggressive entry @ 0.8844 area
TP 1 @ 0.8680
TP 2 @ 0.8379
Good luck trading! Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made simple.
We are in a downwards weekly channel with the top channel holding as resistance.
Indicators:
1. We have confirmation of bearish daily candles closed under the channel with lower lows.
2. Weekly RSI in sell zone
3. Main direction is downwards.
Entry:
1. Top of channel @ 0.8877 area
2. Aggressive entry @ 0.8844 area
TP 1 @ 0.8680
TP 2 @ 0.8379
Good luck trading! Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made simple.
