Hello Traders,
I hope you all are doing great!
I'm seeing a potential short setup on NZDCAD as it's approaching to our 4HR OB that can induce Necessary Supply in the market for it to go Down.
Overall we are in bearish momentum and as market is coming down after retesting or rejecting from Weekly OB so we are expecting market to continue it's Bearish Momentum!
And we have Trendline Liquidity that give us more Confluence in our desired direction!
For TP I'm targeting Previous major Low's
For extra confirmation we can go to 1 Minute TF when market approaches in our OB to see if we can get a Distribution Schematic!
Just an Idea, not a Financial advice!
I hope you all are doing great!
I'm seeing a potential short setup on NZDCAD as it's approaching to our 4HR OB that can induce Necessary Supply in the market for it to go Down.
Overall we are in bearish momentum and as market is coming down after retesting or rejecting from Weekly OB so we are expecting market to continue it's Bearish Momentum!
And we have Trendline Liquidity that give us more Confluence in our desired direction!
For TP I'm targeting Previous major Low's
For extra confirmation we can go to 1 Minute TF when market approaches in our OB to see if we can get a Distribution Schematic!
Just an Idea, not a Financial advice!