NZD/CAD OVERALL BEARISH, WHAT'S NEXT!
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
NZDCAD, QUICK RECAP.
As we can see price is still overall bearish from a long-term perspective, trading inside this falling channel.
Moreover, price is trading now around our falling trendline, where we will be looking for new bearish impulse.
Meanwhile, we need some confirmation, and for the bears to kick in from a short-term perspective we need a break below the marked swing low.,
Then a movement lower would be expected as a trend following setup.
1-2 Risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
NZDCAD, QUICK RECAP.
As we can see price is still overall bearish from a long-term perspective, trading inside this falling channel.
Moreover, price is trading now around our falling trendline, where we will be looking for new bearish impulse.
Meanwhile, we need some confirmation, and for the bears to kick in from a short-term perspective we need a break below the marked swing low.,
Then a movement lower would be expected as a trend following setup.
1-2 Risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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