TradingView
ForecastCity_EU
Jun 9, 2020 2:05 PM

Don't miss the great sell opportunity in NZDCAD Short

New Zealand Dollar/Canadian DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.876). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.

Take Profits:
TP1= @ 0.8715
TP2= @ 0.8685
TP3= @ 0.8620
TP4= @ 0.8570
TP5= @ 0.8530

SL: Break Above R2

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Comments
DenizKilicDeniz
thanks for your ideas
ForecastCity_EU
Shiva_forex
Thank you for your insight.
ForecastCity_EU
Kristalyn
Excellent! as always!
ForecastCity_EU
Kamryn
Your analysis is very accurate. Thanks a lot
ForecastCity_EU
@Kamryn, 👌
Forecast_Crypto
Thank you!
ForecastCity_EU
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