NZDCAD breaking the Ichimoku Cloud
NZDCAD has been in an uptrend since the first week of November.
In the past few days, the price attempted several times to break the Ichimoku cloud, but we always had a very good reaction by buyers, pushing the price back towards new highs.
This time, action by sellers seems to be very strong and there are also all the conditions with the Ichimoku trading strategy to consider a short position:
Risk to reward is 1:2, but for this trade we can also aim for a bit more.
Good luck!
In the past few days, the price attempted several times to break the Ichimoku cloud, but we always had a very good reaction by buyers, pushing the price back towards new highs.
This time, action by sellers seems to be very strong and there are also all the conditions with the Ichimoku trading strategy to consider a short position:
Risk to reward is 1:2, but for this trade we can also aim for a bit more.
Good luck!
Find out more at itstradingtime.com/
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