NZD/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Bearish trend on NZD/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 0.801.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Nzcad
NZDCAD - SWING - 22. SEPT. 2020Welcome to our weekly trade setup ( NZDCAD )!
-
1 HOUR
Sideways market structure around main sr level.
4 HOUR
Price looks like we might see a strong drop shortly..
DAILY
Good short positions, overall bearish looking market.
-
FOREX SWING
SELL NZDCAD
ENTRY LEVEL @ 0.88760
SL @ 0.89320
TP @ 0.87950
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN




