NZDCAD TECHNICALANALYSIS GUIDE/IDEA

NZDCAD

on this forex pair, we are looking at selling this pair in the long term.

Market Direction
Weekly TF: down
Daily TF: down
H4 TF: up

we can see clearly that the market is currently retracing using the H4 trend

POINTS OF SELL INTEREST

Daily sell zone: 0.82600 zone as marked in the chart is a perfect area to sell from the daily perspective, using all confirmation methods you know to get entry

Weekly sell zone: 0.85000 zone, is also another critical area to sell from on a weekly perspective if the daily zone is unable to send down the price

other action that can be taken is wait for the H4 to create a down trend and start selling from the sell opportunities created

Entry Type: Confirmation



"disclaimer: this is not a signal, just a trading guide/idea"