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NZDCAD Sell 800 Pip Opportunity - Confirmation

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
cvfxwealth  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators forexsignals forextraining forexanalysis NZDCAD forexeducation pips short
3
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trendanalysis chartpattern indicator forexsignals forextraining forexanalysis nzdcad forexeducation pips short
My previous analysis of EURNZD Sell entry was to wait for a daily bear candlestick formation. We now have the green light.

Entry:
1. Sell at retest of weekly downtrend line @ .8920 area.
2. Current price of 0.8897

Indicators:
1. Pair currently trading in downwards channel acting as resistance.
2. Daily Uptrend line has been broken with a close under it.
2. Weekly RSI overbought bulls are weakening.
4. Strong Daily Bearish Candlestick close

TP levels at past support/pivot levels.

Good luck trading!


Charles V
CVFX Management
www.cvfxmanagement.com
@cvfxwealth
Trading made simple.
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