NZDCAD: Key Level Ahead! Your Plan to Short: 🇳🇿🇨🇦
NZDCAD is trading within a wide horizontal trading range on a daily time frame.
This night its resistance was reached.
0.884 - 0.887 is our potential reversal zone.
To catch a bearish move from that, follow a rising parallel channel on 1H.
Wait for its bearish breakout as a confirmation.
First goal will be 0.877.
Stop will be above the last high within the channel.
In case of a bullish breakout of the underlined zone, a bullish continuation will be expected.
❤️Please, support this idea with a like and comment!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.