Hello Everyone
Not long to go until the markets open! here is a potential four hour short setup on NZDCAD, Price is already at our AOI (Area of Interest) and we are waiting for a confirmation at this level to short it!
We have two possible entries for you!
First entry is at the current level off the 618% fib level, trendline touch, ema and support now turned resistance.
The second and safest entry would be a break and retest of the small counter trendline.
if you plan on taking this trade then make sure you go down to the smaller timeframes 1hr/15mins and look for some nice rejection or engulfing candles!
1:4.91 RR with a 45 pip stop loss
useful? then why not join our free telegram group for more chart ups, entries and analysis - Links Below!
Not long to go until the markets open! here is a potential four hour short setup on NZDCAD, Price is already at our AOI (Area of Interest) and we are waiting for a confirmation at this level to short it!
We have two possible entries for you!
First entry is at the current level off the 618% fib level, trendline touch, ema and support now turned resistance.
The second and safest entry would be a break and retest of the small counter trendline.
if you plan on taking this trade then make sure you go down to the smaller timeframes 1hr/15mins and look for some nice rejection or engulfing candles!
1:4.91 RR with a 45 pip stop loss
useful? then why not join our free telegram group for more chart ups, entries and analysis - Links Below!
Trade active:
Great initial reaction from our area of interest, we hope you got involved!