tecnicoforex

NZDCAD cant break resistance, + hammer signal @ EOD Time to sell

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Again here with another hammer signal with this pair, NZDCAD . Again hitting resistance and resistance at a trend that goes down.
At the end of the day, we had a beautiful hammer signal only to reinforce the SELL sentiment in the market.
We love those Japanese Candle stick signals, and we trade them often.
The NZD is expensive, especially for the Asian market, is time to go really down, this could be the trade of the month with the opportunity to make more than 100pips and adding more lots in the long run, we will see.
Our opinion is to sell now @ 0.9165 or in the range shown in the graphic. No stop loss, this is a trade for the long term, even if it goes higher, we know that the NZD is expensive and it has to come down.
Questions, comments, please let me know.
And please like this idea so that we keep posting more, and chek our previous posting on EURNOK , we were surprised how fast it reached its objective.
cheers.

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