NZDCAD-Short. Crab pattern on Daily. Longterm Bias: NZD > CAD.
Updated
Short trade on Daily timeframe for NZDCAD .
Crab pattern formed perfectly on Daily timeframe at important resistance level .
Zig zag peak point is reached and forming another bearish line.
RSI - LSMA already on the downward momentum.
Trade details:
Entry at: 0.92125.
TP: 0.89990 (the green horizontal line).
SL: 0.93365.
This is a swing trade.
Crab pattern formed perfectly on Daily timeframe at important resistance level .
Zig zag peak point is reached and forming another bearish line.
RSI - LSMA already on the downward momentum.
Trade details:
Entry at: 0.92125.
TP: 0.89990 (the green horizontal line).
SL: 0.93365.
This is a swing trade.
Trade active
Note
Price rejected our resistance zone twice already, and now forming bearish reversal. So far aligns with our trading. Let's see and hope for the best.Note
Price is now in downward momentum, aligns with our trade.Let's hope that the price can reach our TP.
Stay tuned.
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