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Nzdcadforecast

NZD/CAD: Swingsetup and Opportunity#SELLHey tradomaniacs, NZD/CAD has been broken through the trendchannel (a) and has hit a strong key-resistance showing a decreasing volume the closer we got to it. This is a high evidence of a bullish weakness and shows it is time to for bulls to save profits. I expect the market to head towards the previous channel to retest it before the rally continues. The current resistance-zone gives us a great risk-reward ratio and good opportunity to sell. Type: Swingtrade Market Sell: 0,87555 Stop-Loss: 0,88985 Target 1: 0,85965 Target 2: 0,84750 Target 3: 0,83565 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
NZDCAD sell on H5Plan : trendline breakdown --> wait for prices to bounce off trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2