FLY_TRADING

NZDCAD 4 hour SHORT OPPORTUNITY

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Hello Everyone

Not long to go until the markets open! here is a potential four hour short setup on NZDCAD , Price is already at our AOI (Area of Interest) and we are waiting for a confirmation at this level to short it!

We have two possible entries for you!

First entry is at the current level off the 618% fib level, trendline touch, ema and support now turned resistance.

The second and safest entry would be a break and retest of the small counter trendline.

if you plan on taking this trade then make sure you go down to the smaller timeframes 1hr/15mins and look for some nice rejection or engulfing candles!

1:4.91 RR with a 45 pip stop loss

useful? then why not join our free telegram group for more chart ups, entries and analysis - Links Below!
Trade active: Great initial reaction from our area of interest, we hope you got involved!

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