NZDCAD: Good opportunity for a really great Sell position

14 Nov 2020

Greetings everyone, on this analysis we have the CAD positioning in a very good input for a great opportunity on a Sales position. Price reached a ceiling at 0.90310, which was re-tested twice, forming a double ceiling pattern. On top of that, main Trend in general in Berish (bigger time frames) as well as the secondary trend in the chart ( small time frames). I would wait until the secondary down trend continues it movement a little bit longer as confirmation, as in the input indicated down bellow.

I would recommend:
Input at: 0.89438
Stop Loss at: 0.90155
Take Profit at: 0.87619

Happy Trades.

23 Nov 2020

Nota

This analysis has been discarded since the price move in the opposite direction. This was a trading idea which never got accomplished since the price never touched the entry level we calculated. So no loses, no wins.