NZD/CADShort
NZD/CAD : 4h - SHORT Trade
Aggiornato
NZD/CAD is right now showing Bearish trend. There is no RSI bullish divergence as yet. Therefore, this trend is likely to continue at least till it reaches Fib 0.382 Level. During the day it may swing up and down but eventually will go downwards.
Also note that market's Commercial buyer are LONG for the future trades (refer barchart.com ) which implies that trend is expected to go Bullish in a week or two. For those of you (my readers) who do not want to wait for a week can follow this SHORT trade. Afterwards once trend reversal is confirmed then LONG trade will be taken which will continue for a month or so.
My trade values are depicted on the price chart.
Also note that market's Commercial buyer are LONG for the future trades (refer barchart.com ) which implies that trend is expected to go Bullish in a week or two. For those of you (my readers) who do not want to wait for a week can follow this SHORT trade. Afterwards once trend reversal is confirmed then LONG trade will be taken which will continue for a month or so.
My trade values are depicted on the price chart.
Nota
Please also note that I have drawn Support and Resistances on price chart as well. Therefore, those who want to closely watch the Price chart on 1h or 15m scale, can take trades at that specific trend direction while keeping their TPs accordingly. Like if price breaks S1 level then take entry by placing Sell Stop order just below that and TP should be S2 etc.
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