NZD/CADShort
Trade Plan (Pending): Selling NZD/CAD at 0.8283
NZD/CAD is moving higher within an Expanding Wedge pattern. This formation has an eventual bias to break to the downside. Bespoke resistance is located at 0.8283. This level has been pivotal through November. We will see the completion of a butterfly formation at 0.8287. Trendline resistance is currently located at 0.8296.
Selling at bespoke resistance with a stop loss above the trend of higher highs targeting the previous swing low offers a risk-reward factor of 3.41.
SL: 0.8300
TP1: 0.8225
R Rate 3.41
#tradeplan #NZDCAD
Selling at bespoke resistance with a stop loss above the trend of higher highs targeting the previous swing low offers a risk-reward factor of 3.41.
SL: 0.8300
TP1: 0.8225
R Rate 3.41
#tradeplan #NZDCAD
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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.