NZDCAD: Bearish Divergence
I wrote about selling opportunities in this market. Please, read details and a trading idea from the daily timeframe in the previous post.
If we look at the 4H chart, we can see a bearish divergence at the resistance. It is a strong trend reversal signal. If the price can stay below the previous swing high and 0.88000 resistance, it will be a sell signal. Stop orders must be placed above the local swing high. The main profit target can be at 0.86000 support. Risk per trade must be no more than 1-2% from the capital.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If we look at the 4H chart, we can see a bearish divergence at the resistance. It is a strong trend reversal signal. If the price can stay below the previous swing high and 0.88000 resistance, it will be a sell signal. Stop orders must be placed above the local swing high. The main profit target can be at 0.86000 support. Risk per trade must be no more than 1-2% from the capital.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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