NZDCAD - POTENTIAL SHORT ENTRY POSITION

13 нояб. 2020 г.

This is my outlook for NZDCAD pair as we can see there is a nice rejection on daily timeframe yesterday. It might be a sign for short position entry but we can entry now with a small size lot first then if we can see the bearish momentum is there, you might add a bit more for short position. All in all, the trend still in bullish position as we may not see any breakout in a moment but you can add this pair as your watchlist today. So here is the trade idea that might be relevant for this pair today :

Trade Idea : Short
Price : Sell Now or Wait For Sell Limit
Take Profit : 0.8844
Stop Loss : 30-45 Pips


Disclaimer!
This analysis does not give traders any confirmation on trading execution! It is for educational purposes only. You can refer this analysis and outlook for trading idea but trade at your own risk and trust your analysis first! Thank you and good luck for everyone!