tecnicoforex

#forex #nzdcad hourly chart oversold. Sell now

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
I already have an open trade with this pair, and I'm doubling my entry now @0.8900 because there are obvious signals that this "up" short-term trend is running out of fuel. We are expecting 2 fundamentals news ( oil inventories) that have already make a dent on this pair, so they shouldn't affect the price and they should actually send the CAD Dollar high, so thats another reason why we are shorting this pair.
So,
Sell @ 0.8990
Stop Loss @ 0.9100
Take half profits @ 0.8860

I'll keep you updated.