NZD/CAD
Short
Updated

NZDCAD, scalp and swing trade

815
Looks like it is against a big resistance again. On the right, as long as we stay below that red resistance, it suggests the high is already set as well. I am going to do 2 trades here, a scalp (chart on the right) and a day/swing trade. Both different stops but almost the same. Both have a good R/R, especially the bigger trade so worth the risk at this spot


Previous analysis:
NZDCAD
Note
I just closed this one (for the copy trading). Looks like it doesn't want to drop. I will keep the swing trade at break even +-

snapshot
Note
Based on this bounce we just had, we should see an ABC wave now. On the right you can see another example which i showed in my channel a few days ago (upfront like this one).

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.