NZDCAD - Top-Down Analysis đč From Weekly To H1
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
đ Here is a detailed update top-down analysis for #NZDCAD.
NZDCAD is hovering around a weekly resistance, so we will be looking for sell setups on lower timeframes.
On H1, we are waiting for a break below the last major low to sell. Once the sell is activated, the stop loss would be above the previous high, and we will target double our stop loss size to have an edge over the market.
đ Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
đ Here is a detailed update top-down analysis for #NZDCAD.
NZDCAD is hovering around a weekly resistance, so we will be looking for sell setups on lower timeframes.
On H1, we are waiting for a break below the last major low to sell. Once the sell is activated, the stop loss would be above the previous high, and we will target double our stop loss size to have an edge over the market.
đ Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich