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DmushFX

NZDCAD SELL IDEA FROM 0.87313

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
DmushFX  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns NZDCAD nzdcadshort NZDCADANALYSIS nzdcadforecast nzdcadsell
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trendanalysis chartpattern nzdcad nzdcadshort nzdcadanalysis nzdcadforecast nzdcadsell
Price has reached a very strong resistance level at 0.87940 which lines up with the 0.61 level on the fib indicating a possible change of trend. My setup became valid when the daily candle closed strongly bearish at this important level. Therefore I am anticipating a swing low.

Entry : 0.87313
SL : 0.88370 (105Pips)
TP1: 0.84500 (270Pips)
TP2 : 0.8060 (670Pips)

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