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Forexinyourarea
Mar 6, 2022 2:39 PM

NZD/CAD Short

New Zealand Dollar/Canadian DollarFXCM

Description

As the the market depicts, we have a bearish divergence on daily TF. Furthermore, we do have imbalance(Redbox) which situation resulting from an excess of buy or sell orders for a specific security on a trading exchange, making it impossible to match the orders of buyers and sellers. In the fullness of time, shorting on this pair with high probability set-up could be a marvelous trade.

Trade closed manually

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