NZDCAD TECHNICALANALYSIS GUIDE/IDEA
NZDCAD on this forex pair, we are looking at selling this pair in the long term.
Market Direction
Weekly TF: down
Daily TF: down
H4 TF: up
we can see clearly that the market is currently retracing using the H4 trend
POINTS OF SELL INTEREST
Daily sell zone: 0.82600 zone as marked in the chart is a perfect area to sell from the daily perspective, using all confirmation methods you know to get entry
Weekly sell zone: 0.85000 zone, is also another critical area to sell from on a weekly perspective if the daily zone is unable to send down the price
other action that can be taken is wait for the H4 to create a down trend and start selling from the sell opportunities created
Entry Type: Confirmation
"disclaimer: this is not a signal, just a trading guide/idea"
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.