NZDCAD short ideas (swing and intraday)
Trending down. Daily we reached 78.6 fib & daily OB. On 4H chart we can see how price has reacted off a 4H OB. Asian range has been pierced through the upper side and now price is trading below it. Trade is on if we see a clear displacement down off current level and a retest of the 0.85030 level. Ideally right after NY open and NFP.
For the swing: SLwould be above Daily OB. TP1 @ 0% D fib. TP2 @ -27% D fib.
For the intraday: SL would be above 4H OB. TP1 and 2 as marked on chart.
Trade invalidated if price doesn't displace down and comes back into asian range instead.
For the swing: SLwould be above Daily OB. TP1 @ 0% D fib. TP2 @ -27% D fib.
For the intraday: SL would be above 4H OB. TP1 and 2 as marked on chart.
Trade invalidated if price doesn't displace down and comes back into asian range instead.
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