NZDCAD Setups 060721
Mis à jour
Reasons to SHORT
Really want to see some sort of retracement as drawn before entering short position, as price has been producing strong bullish impulse rally past days, without a retest it can be a riskier trade
1. 1h Level of resistance
2. Price on 4h Daily has been making LH LL structurally
3. we are on a potential reversal of swing high
4. 0.382 retracement on daily Fibonacci retracement
5. 4h 50EMA dynamic resistance
6. 20EMA bearish crossover
7. Last 4h swing high 0.618 retracement
Confirmation candle
N/a yet
Really want to see some sort of retracement as drawn before entering short position, as price has been producing strong bullish impulse rally past days, without a retest it can be a riskier trade
1. 1h Level of resistance
2. Price on 4h Daily has been making LH LL structurally
3. we are on a potential reversal of swing high
4. 0.382 retracement on daily Fibonacci retracement
5. 4h 50EMA dynamic resistance
6. 20EMA bearish crossover
7. Last 4h swing high 0.618 retracement
Confirmation candle
N/a yet
Transaction en cours
Entered Short position @ 2%
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