Hello TradingView Family / Fellow Traders,
On Daily: Left Chart
NZDCAD broke below a previous major low so it is now acting as a local resistance zone, thus we will be looking for trend-following sell setups on lower timeframes.
On H1: Right Chart
📈 For the bears to take over, we need a momentum candle close below the last major low in gray.
📉 Meanwhile, until the bears take over, NZDCAD can still trade higher for an over-extended correction movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
On Daily: Left Chart
NZDCAD broke below a previous major low so it is now acting as a local resistance zone, thus we will be looking for trend-following sell setups on lower timeframes.
On H1: Right Chart
📈 For the bears to take over, we need a momentum candle close below the last major low in gray.
📉 Meanwhile, until the bears take over, NZDCAD can still trade higher for an over-extended correction movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal