NZDCAD - SHORT @ Strong Resistance Zone
Price has now approached a strong resistance zone and is showing signs of stalling and i see the short opportunity here. I have entered according to the 4hr charts but will wait for the blue diagonal support line to be broken to add more positions.
1. Strong Resistance
2. RSI divergence
3. MACD4C divergence
4. 10 MA crossover
TP1 @ 250 pips
TP2 @ 450 pips
SL Slightly above resistance
1. Strong Resistance
2. RSI divergence
3. MACD4C divergence
4. 10 MA crossover
TP1 @ 250 pips
TP2 @ 450 pips
SL Slightly above resistance
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.