See past NZDCAD Idea.
We are in a downwards weekly channel with the top channel holding as resistance.
Indicators:
1. We have confirmation of bearish daily candles closed under the channel with lower lows.
2. Weekly RSI in sell zone
3. Main direction is downwards.
Entry:
1. Top of channel @ 0.8877 area
2. Aggressive entry @ 0.8844 area
TP 1 @ 0.8680
TP 2 @ 0.8379
Good luck trading! Let me know how I can help.
Charles V
cvfxmanagement.com
Trading made simple.
We are in a downwards weekly channel with the top channel holding as resistance.
Indicators:
1. We have confirmation of bearish daily candles closed under the channel with lower lows.
2. Weekly RSI in sell zone
3. Main direction is downwards.
Entry:
1. Top of channel @ 0.8877 area
2. Aggressive entry @ 0.8844 area
TP 1 @ 0.8680
TP 2 @ 0.8379
Good luck trading! Let me know how I can help.
Charles V
cvfxmanagement.com
Trading made simple.
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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.
Related publications
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.