NZDCAD Hitting Resistance
This area should hold up as resistance as it was the area right before that huge, rapid downward momentum. Overall think this pair will be a pair that will uptrend but I think with this resistance and it pulling so far away from the moving averages it needs a pullback.
Trade active
Risking off high of the rectangle/prev resistanceNote
Pinbar on the 4hr looking to see if that sets the top in placeTrade closed: target reached
Great trade
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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.