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Snick3rSD
Feb 5, 2024 3:17 PM

NZDCAD - Short from resistance ✅ Short

New Zealand Dollar/Canadian DollarFXCM

Description

Hello traders!
‼️ This is my perspective on NZDCAD.

Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from resistance zone for a potential short.

Fundamental news: Tomorrow we will see results of Unemployment Rate on NZD and on Friday on CAD.

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Trade active

Short active, already on profit
Comments
yuswuyi
i like your analysis chief! but what made you switch your biase to bull side in your latest nzd/cad analysis because the bearish analysis is still in play and valid IMO
Snick3rSD
@yuswuyi, because we had broke of structure and my bullish analysis is valid
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