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NZDCAD / SHORT TRADE SETUP

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New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
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FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Technical Indicators Fundamental Analysis
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trendanalysis indicator fundamental
Another day-another trade :D As I said in the stream, the trade is trending strongly towards the downside, a weekly new low is being formed, and a 4-hour bearish engulfing candlestick closure confirms our entry. MA's of 20&50 are also moving down as strong resistance. Of course, we have to be aware of upcoming high-impact news such as the FOMC & Monetary Policy statement, which will definitely shake the markets.
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