π NZDCAD Short Trade Setup - Observing FVG SMC Orderblock
π Technical Analysis:
NZDCAD presents a potential short opportunity as it nears the FVG SMC Orderblock.
Historical analysis indicates this zone has served as significant resistance.
Monitoring for bearish signals to confirm entry.
π Trade Plan:
Entry Point: Consider short position upon rejection or bearish confirmation within the FVG SMC Orderblock.
Stop Loss: Place above recent swing high to manage risk.
Take Profit: Targeting support levels or prior lows.
π¨ Risk Management:
Employ sound risk management strategies.
Stay updated on economic events impacting NZD and CAD.
π Disclaimer:
Not financial advice. Perform own analysis. Trade responsibly.
π Note: Stay vigilant for real-time price movements and adjust strategy accordingly.
Happy Trading! ππΉ
π Technical Analysis:
NZDCAD presents a potential short opportunity as it nears the FVG SMC Orderblock.
Historical analysis indicates this zone has served as significant resistance.
Monitoring for bearish signals to confirm entry.
π Trade Plan:
Entry Point: Consider short position upon rejection or bearish confirmation within the FVG SMC Orderblock.
Stop Loss: Place above recent swing high to manage risk.
Take Profit: Targeting support levels or prior lows.
π¨ Risk Management:
Employ sound risk management strategies.
Stay updated on economic events impacting NZD and CAD.
π Disclaimer:
Not financial advice. Perform own analysis. Trade responsibly.
π Note: Stay vigilant for real-time price movements and adjust strategy accordingly.
Happy Trading! ππΉ