TheSignalyst

NZDCAD - Keep It Simple 📊

Long
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Hello TradingView Family / Fellow Traders,

On 4H: Left Chart
NZDCAD has been overall bearish trading within the falling channel in blue. Currently, NZDCAD is approaching the lower bound of the channel so we will be looking for sell setups on lower timeframes.

On 1H: Right Chart
📈 For the bulls to take over, we need a momentum candle close above the neckline highlighted in gray.

📉 Meanwhile, NZDCAD would be bearish short-term and can still trade lower.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr

This analysis is done using RichTL
www.RichTL.com

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