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swingtraderoliveira
Jun 22, 2022 7:35 PM

NZDCAD Short

New Zealand Dollar/Canadian DollarFXCM

Description

NZDCAD - We took out the previous weekly high, and we also look bearish on the HTF Monthly chart. I will wait to see how price will react below the previous weekly open. If price reject this area, break structure to the down from that level , hoppefully we can have an orderblock that price might mitigate before the down move to take out the previous weekly low.

Comment

If price do not break the PW-open and reject later on, than we will not take the sell. Looking on the daily time frame, we look also bullish. So lets wait and see..
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