Nzdcadshort
NZD/CAD SELL 1H 📉👋 Hello and welcome traders to another trade idea with Fobian
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👉 WE have sell conformation:
- Trend was broken.
- EMA's give us SELL signal.
- Candle close below ASIAN session.
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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
NZDCAD A Chance for Swing TradeNZDCAD is under the channel created in 2016 and still running in the channel. Now NZDCAD is touching the a strong resistance existed since 2016 and I am expecting a fall from 0.88659 . My this trade may take weeks or months to reach the bottom support zone.
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Best Regards
The importance of the nape line on NZD/CADHello traders :) Today I wanted to remind you again of the biggest mistake made in this formation.
The biggest mistake in this formation is that the stop point of the positions opened in the closing after the breakout is not above the upper nape line.
In this chart I show you the perfect point for selling. DONT FORGET TO STOP IT ABOVE THE UPPER NAPE LINE THIS TIME :)
good luck....