NZDCAD - Shorting to 0.8795 (around 150 pips) with tight SL
NZDCAD formed an inverse bearish pole flag on the daily time frame. I am also seeing that price is in the overbought zone and formed some sort of a bearish hidden divergence.
I will go short at this level and my TP will be @ 0.8795 ... Please note the yearly pivot at 0.8524 which can also be a target for long term.
I will not use a SL and will roll over the trade if it goes against me and will add on a similiar setup hopefully at the channel top boundary.
I will go short at this level and my TP will be @ 0.8795 ... Please note the yearly pivot at 0.8524 which can also be a target for long term.
I will not use a SL and will roll over the trade if it goes against me and will add on a similiar setup hopefully at the channel top boundary.