NZDCAD
Currently in a downtrend, just following the structure. For an explanation and details of this trading idea, check my latest FX video analysis ( 22.7 - x ) Have a great week!
T
T
Note
It seems that maybe the price is showing us what we wanted, clearly, the trend is bearish. Meaning that on the HTF we are looking for sells. However if price can make a structure manipulation on 15min at the current price - exactly where the red drawing is - we can get into buys just before we get into sells. That increase the chance of a successful outcome on this trade. But once again - because we are looking to trade reversal or counter trend - the risk must be minimized regardless how good the setup looks like. If you drop on 15 look for the last HL to break and then buys can pretty much become valid.
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.
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.