NZD/CAD
Short

NZD/CAD On Its Way to the 0.8989 Mark πŸ”¨πŸ”¨πŸ”¨

πŸ’‘ Trade Idea

πŸ“‰ Sell Limit NZD/CAD @ 0.9088

🎯 Target Profit 0.8989

πŸ›‘ Stop Loss 0.9110

❌ Do not risk more than 1 % of your account on each trade

πŸ™‚ Good Luck !

Description:
The pair is trading within a corrective channel, and it faced a daily resistance by rejecting it. We have a 61.8% Fibonacci pullback @ 0.9094 which might lead to a reversal and a move to the downside to the 0.8989 mark.
fakebreakoutFibonacciFibonacci RetracementForexPivot PointspriceactionreversalSupport and ResistanceTechnical Analysis

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