Price on NZDCAD is bearish at the moment and price has created a lower low. So, if price continues lower I will sell back down to the low and further.
This currency pair has been creating lower lows and lower highs the past few days and this seems to be a good setup if price can stay below the last lower high.
What will invalidate this trade is if price pushes higher past the 12hour lower high.
Disclaimer: this analysis is based on my strategy and personal view of the market. Please be sure to follow your own perspective.
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