NZDCAD H1 SHORT PRICE ACTION FORECAST
Updated
With price action trading close to a resistance level, together with the 50EMA and downward trendline, it could bring the opportunity for a short trade as a sell-limit entry setup.
When checking the intraday charts at H1, the candle forming was a clear Doji bar signaling the possible fatigue of the short correction from the more significant downtrend bias.
S/L: 30 pip with an R:R | 1:2 with the T/P right from last week's previous support level.
When checking the intraday charts at H1, the candle forming was a clear Doji bar signaling the possible fatigue of the short correction from the more significant downtrend bias.
S/L: 30 pip with an R:R | 1:2 with the T/P right from last week's previous support level.
Trade closed: stop reached
Price action triggered order for a breakthrough and trend change
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