NZDCAD at important stage - TL setup
The NZDCAD is approaching an important area where the trendline and the previous support/resistance meet.
We are already seeing some strong selling momentum but as long as price keeps trading above the trendline, there is NO reason to short this.
Once the trendline is broken, the short momentum could accelerate and lead to a new trend.
It's just early Monday morning in Asia so you have TIME. Wait for a clear sign and strong monentum breaking the trendline before doing anything.
Patience is the key to successful trading.
We are already seeing some strong selling momentum but as long as price keeps trading above the trendline, there is NO reason to short this.
Once the trendline is broken, the short momentum could accelerate and lead to a new trend.
It's just early Monday morning in Asia so you have TIME. Wait for a clear sign and strong monentum breaking the trendline before doing anything.
Patience is the key to successful trading.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.