NZDCAD Sell 800 Pip Opportunity - Confirmation
My previous analysis of EURNZD Sell entry was to wait for a daily bear candlestick formation. We now have the green light.
Entry:
1. Sell at retest of weekly downtrend line @ .8920 area.
2. Current price of 0.8897
Indicators:
1. Pair currently trading in downwards channel acting as resistance.
2. Daily Uptrend line has been broken with a close under it.
2. Weekly RSI overbought bulls are weakening.
4. Strong Daily Bearish Candlestick close
TP levels at past support/pivot levels.
Good luck trading!
Charles V
CVFX Management
cvfxmanagement.com
cvfxwealth
Trading made simple.
Entry:
1. Sell at retest of weekly downtrend line @ .8920 area.
2. Current price of 0.8897
Indicators:
1. Pair currently trading in downwards channel acting as resistance.
2. Daily Uptrend line has been broken with a close under it.
2. Weekly RSI overbought bulls are weakening.
4. Strong Daily Bearish Candlestick close
TP levels at past support/pivot levels.
Good luck trading!
Charles V
CVFX Management
cvfxmanagement.com
cvfxwealth
Trading made simple.
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.