NZDCAD Bearish move ready to go?
Updated
NZDCAD
Daily timeframe, clear corrective structure => we are expecting a Bearish impulse
4H, Impulse move from the outer structure from Daily?
1H, Corrective retracement move towards the 61.8% Fib Level from the 4H Bearish Swing
15Min, Evidently, we can see a Double Top formation at Confluence area
Everything is pointing nicely for a Bearish move. But how sure can we be? Never.
its just another trade.
Daily timeframe, clear corrective structure => we are expecting a Bearish impulse
4H, Impulse move from the outer structure from Daily?
1H, Corrective retracement move towards the 61.8% Fib Level from the 4H Bearish Swing
15Min, Evidently, we can see a Double Top formation at Confluence area
Everything is pointing nicely for a Bearish move. But how sure can we be? Never.
its just another trade.
Note
Here goes ! its all about management nowNote
moved stop to 0.5R. i dont like that swing back on CAD pairs. but i still want to keep a good buffer so there is no need to move stop to BE yet.Note
Thought price is going but it seems like its making a bigger Bullish continuation pattern. therefore, moved stop to BE to protect myself.
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