NZDCAD H1: SHORT IT TP +50/+150 pips (BEARS/SL/TP)(NEW)

25 Jan 2023

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NZDCAD H1: SHORT IT TP +50/+150 pips (BEARS/SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect REVERSAL from
overhead resistance near 8740

🔸 Summary and potential trade setup
::: NZDCAD 1hours/candle chart review
::: short from overhead resistance
::: almost maxed out right now
::: expect decent/strong correction
::: BEARS seek to SHORT RIPS/BOUNCES
::: +150 downside from key S/R overhead
::: speculative BEARISH setup
::: recommended strat: SHORT from 8740/8760
::: reversal setup BEARS speculative C&H
::: BEARISH outlook mid-term
::: TP bears is +50 +150 pips
::: TP1+50 TP2 +150 pips
::: excellent risk:reward on sell side
::: BEARS: SHORT IT from overhead
::: or see lower risk strat above
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/final PUMP
::: Sentiment outlook mid-term: BEARS/CORRECTION

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

26 Jan 2023

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