NZDCAD
Daily timeframe, clear corrective structure => we are expecting a Bearish impulse
4H, Impulse move from the outer structure from Daily?
1H, Corrective retracement move towards the 61.8% Fib Level from the 4H Bearish Swing
15Min, Evidently, we can see a Double Top formation at Confluence area
Everything is pointing nicely for a Bearish move. But how sure can we be? Never.
its just another trade.
Daily timeframe, clear corrective structure => we are expecting a Bearish impulse
4H, Impulse move from the outer structure from Daily?
1H, Corrective retracement move towards the 61.8% Fib Level from the 4H Bearish Swing
15Min, Evidently, we can see a Double Top formation at Confluence area
Everything is pointing nicely for a Bearish move. But how sure can we be? Never.
its just another trade.
Note
Here goes ! its all about management nowNote
moved stop to 0.5R. i dont like that swing back on CAD pairs. but i still want to keep a good buffer so there is no need to move stop to BE yet.Note
Thought price is going but it seems like its making a bigger Bullish continuation pattern. therefore, moved stop to BE to protect myself.
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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.