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luismialcega
Apr 30, 2015 12:25 PM

NZDCAD Bearish Short

New Zealand Dollar/Canadian DollarFXCM

Description

as you can see i am short since the last top. The pair have been bullish since 4 years ago. not because of the strength of the NZD but for the weakness of the CAD.

you can see the pair didnt make a high higher so the up trend is getting weak. Theres is a posible formation of a double top pattern. Any ways the price should go to the trend line. is a good trade, lot of profit. could be the start of a down trend.

You could also trade in a lower time frame. if you miss a entry just go to a 1h chart and look up for a pull back to get into the wave! lets get some pips
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