NZD/CAD - HEAD & SHOULDER - SELL
POTENTIAL TRADE: NZD/CAD
I am looking to enter short on this currency pair for the following reasons:
- Head and Shoulder price action pattern is evident.
- Price has created a fake break-out. Buyers are trapped and will realize losses soon.
- Overall down-trending market structure.
- Major zone of resistance at the right shoulder.
If you found this idea useful, leave a like and follow me for more analysis and trading signals.
If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!
I am looking to enter short on this currency pair for the following reasons:
- Head and Shoulder price action pattern is evident.
- Price has created a fake break-out. Buyers are trapped and will realize losses soon.
- Overall down-trending market structure.
- Major zone of resistance at the right shoulder.
If you found this idea useful, leave a like and follow me for more analysis and trading signals.
If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.