NZD/CAD – Potential Short Setup (M30 Timeframe)
The NZD/CAD pair on the M30 timeframe is showing signs of a potential selling opportunity following the recent formation of a breakout pattern, indicating a possible shift in momentum to the downside over the next few hours.
Possible Short Trade:
Entry: Watch for a short entry near the trendline of the breakout pattern.
Target Levels:
1st Support: 0.8138
2nd Support: 0.8077
This setup aligns with a breakout-retest scenario. Wait for confirmation before entering.
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The NZD/CAD pair on the M30 timeframe is showing signs of a potential selling opportunity following the recent formation of a breakout pattern, indicating a possible shift in momentum to the downside over the next few hours.
Possible Short Trade:
Entry: Watch for a short entry near the trendline of the breakout pattern.
Target Levels:
1st Support: 0.8138
2nd Support: 0.8077
This setup aligns with a breakout-retest scenario. Wait for confirmation before entering.
---
Please hit the like button and leave a comment to support my post!
Your likes and feedback are incredibly motivating and inspire me to share more quality analysis with you.
Best Regards,
JAMES_GOLD_MASTER_MQL5
Thank you!
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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.