Hey tradomaniacs,
NZD/CAD has been broken through the trendchannel (a) and has hit a strong key-resistance showing a decreasing volume the closer we got to it.
This is a high evidence of a bullish weakness and shows it is time to for bulls to save profits.
I expect the market to head towards the previous channel to retest it before the rally continues.
The current resistance-zone gives us a great risk-reward ratio and good opportunity to sell.
Type: Swingtrade
-----------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
NZD/CAD has been broken through the trendchannel (a) and has hit a strong key-resistance showing a decreasing volume the closer we got to it.
This is a high evidence of a bullish weakness and shows it is time to for bulls to save profits.
I expect the market to head towards the previous channel to retest it before the rally continues.
The current resistance-zone gives us a great risk-reward ratio and good opportunity to sell.
Type: Swingtrade
- Market Sell: 0,87555
Stop-Loss: 0,88985
Target 1: 0,85965
Target 2: 0,84750
Target 3: 0,83565
-----------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.