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TheSignalyst
May 23, 2023 10:47 AM

NZDCAD - Trend-Following Sell Setup ⬇️ Short

New Zealand Dollar/Canadian DollarFXCM

Description

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

on DAILY: Left Chart
NZDCAD has been overall bearish trading inside the falling channel in orange and now it is sitting around the upper orange trendline again, so we will be looking for sell setups on lower timeframes.

on H1: Right Chart
For the bears to take over, we need a momentum candle close below the last major low in gray.

Meanwhile, until the sell is activated, NZDCAD can still trade higher and even break the orange trendline upward.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
Tauhid0
Way to go brook....!!!!! 🔥
FOREXN1
Great Trade here
ArmanShabanTrading
Thank you!
pejman_zwin
Great chart.
basictradingtv
yes, love it!
SignalProvider
Agree with the bearish view!
DeGRAM
Two thumbs up 👍👍
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