NZDCAD - Potential Bearish Reversal!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
NZDCAD is sitting around a resistance zone so we will be looking for sell setups on lower timeframes.
on H4: Right Chart
For the bears to take over, we need a momentum candle close below the last low in gray.
Meanwhile, until the sell is activated, NZDCAD can still trade higher or even break the resistance zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: Left Chart
NZDCAD is sitting around a resistance zone so we will be looking for sell setups on lower timeframes.
on H4: Right Chart
For the bears to take over, we need a momentum candle close below the last low in gray.
Meanwhile, until the sell is activated, NZDCAD can still trade higher or even break the resistance zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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