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KingWenz84
Aug 20, 2021 8:36 AM

NZDCAD - Sell Limit Short

FX:NZDCAD60
New Zealand Dollar/Canadian DollarFXCM

Description

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NZDCAD - Sell Limit

Open: 0.88209
TP: 0.86881
SL: 0.88500
Harmonic Patterns
Comments
Elgenio8889
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good view bro
KingWenz84
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I am selling now, TP: 0.86836 SL: 0.86836
KingWenz84
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KingWenz84
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might get a small retrace now to from a H&S, perfect time to buy if you missed the first entry
Elgenio8889
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@KingWenz84 so now is buy? which point?
KingWenz84
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@Elgenio8889, Sorry, typo. I meant sell not buy.
KingWenz84
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@Elgenio8889,
Elgenio8889
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why being bullish with CAD, it is weak and still weak
KingWenz84
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@Elgenio8889, Hi, I am seeing evidence on most CAD pairs of a reversal. I am seeing low RSI on CADXXX and high RSI on XXXCAD. I am also seeing Bearish divergence on USDCAD. That along with this harmonic pattern, to me points to a sell. I am testing this trade but with the correct risk reward even if it doesn't happen the loss is so small its not going effect my capital balance too much.
Elgenio8889
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good luck with trade
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