NZDCAD H4 - Short Setup
NZDCAD H4
Broken support with ease last week, seen a nice retest of the underside (now resistance). Looking for a confirmed second test or resistance. Based on order details supplied, another selloff down to the breakout low would still offer 1:3R.
A break in excess would send NZDCAD sinking, as long as we can maintain this CAD strength in line with it's supporting factors, WTI demand etc.
Broken support with ease last week, seen a nice retest of the underside (now resistance). Looking for a confirmed second test or resistance. Based on order details supplied, another selloff down to the breakout low would still offer 1:3R.
A break in excess would send NZDCAD sinking, as long as we can maintain this CAD strength in line with it's supporting factors, WTI demand etc.
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Instagram: instagram.com/trade_simple_fx
e-Mail: info@tradesimplefx.com
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