In my journal, I'm noticing NZDCAD made a new lower low on the 4 hour and 2 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade.

I prefer to trade down to my weekly estimation zone 0.85585 and entering on the 2 hour timeframe to keep the stop loss small.

Trade at your own risk and risk level.

I'd love if you can reply your thoughts and like the video for more
Beyond Technical AnalysisNZDCADNZDCADANALYSISnzdcadforecastnzdcadshortTrend Analysis

Also on:

Related publications

Disclaimer