Get started
fxtraderkristina

NZDCAD / SHORT TRADE SETUP

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
fxtraderkristina  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Technical Indicators Fundamental Analysis
3
0
trendanalysis indicator fundamental
Another day-another trade :D As I said in the stream, the trade is trending strongly towards the downside, a weekly new low is being formed, and a 4-hour bearish engulfing candlestick closure confirms our entry. MA's of 20&50 are also moving down as strong resistance. Of course, we have to be aware of upcoming high-impact news such as the FOMC & Monetary Policy statement, which will definitely shake the markets.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.