FullTimeTrader

NZDCAD-long term short

Satış
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
11
I think this pair is just making a correction to continue the long term decline.
On W1 chart we have price just broke the upward trendline, is bouncing from Ema 200 and strong resistance level. Weekly candle is a pinbar.


Here on D1 chart:
- ema 55 as resistance (weekly ema 200+daily ema 55=powerful combination!!)
- evening star at round number 0.8500
- trendline resistance

If will depend a lot on oil, if it stars a rally (as i expect) this pair will decline strongly, last weeks oil is not moving.

This trade could last 1-2 months so be prepared for that.

Regards.



Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.