NZD/CAD
Short

NzdCad Trade Idea

Updated
NzdCad is currently still in a range. Price has been bearish on all time frames so shorting the pair at a resistance level would be ideal here. Price managed to dump at resistance again so a pullback before going short on the pair will be my set up on this pair for the day. Another possible 1:3rr set up for the day. We'll see how this plays out. Longs would only come into play if price were to break above the level I'm personally looking to sell at.
Trade active
Just went short on the pair. 9:24am
Note
Higher time frame LH broken with bullish structures. CLosed at entry, went for longs.
Note
Stopped out on longs. First loss.
Chart PatternsSupport and ResistanceTrend Analysis

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