NZD/CAD Analysis
The pair is currently respecting a descending trendline, signaling potential continuation of the bearish trend.
🔍 Key Observations:
Price tested the trendline and is showing signs of rejection.
RSI indicates potential overbought conditions, with a likely shift downward.
Bollinger Bands suggest the pair could head towards the lower boundary for a bearish move.
🎯 Plan:
Entry: Around 0.8260
Target: 0.8220
Stop Loss: 0.8290
💡 Watch for confirmation on lower timeframes before entering. Risk management is key! 🚨
🔍 Key Observations:
Price tested the trendline and is showing signs of rejection.
RSI indicates potential overbought conditions, with a likely shift downward.
Bollinger Bands suggest the pair could head towards the lower boundary for a bearish move.
🎯 Plan:
Entry: Around 0.8260
Target: 0.8220
Stop Loss: 0.8290
💡 Watch for confirmation on lower timeframes before entering. Risk management is key! 🚨
Trade closed: target reached
Take profit reached!
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Telegram Link: t.me/charts_M7M
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.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
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.