Bias Bearish
Fundamental Analysis
NZD is weakest performing currency.
CAD is also bearish but not as weak as NZD
Price Action:
Price broken H4 SR level then a small pullback and broken H1 SR level. 2 confirmation pattern that price is bearish. Trade based on breakout pattern. High volatility momentum
Set up:
Short trade entry at Broke H1 SR level.
TP 2x H1 ATR(20)
TP next lower SR level for daily tf R:R 1:4
Fundamental Analysis
NZD is weakest performing currency.
CAD is also bearish but not as weak as NZD
Price Action:
Price broken H4 SR level then a small pullback and broken H1 SR level. 2 confirmation pattern that price is bearish. Trade based on breakout pattern. High volatility momentum
Set up:
Short trade entry at Broke H1 SR level.
TP 2x H1 ATR(20)
TP next lower SR level for daily tf R:R 1:4
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.
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.