NZDCAD Trend-Following Setup - Analysis #31/50
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NZDCAD is overall bearish trading inside the falling channel in orange.
Moreover, the zone 0.86 is a resistance and supply zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline. (acting as non-horizontal resistance)
As per my trading style:
As NZDCAD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD is overall bearish trading inside the falling channel in orange.
Moreover, the zone 0.86 is a resistance and supply zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline. (acting as non-horizontal resistance)
As per my trading style:
As NZDCAD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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