NZDCAD - Trend-Following Sell Setup ⬇️
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
NZDCAD has been overall bearish trading inside the falling channel in orange and now it is sitting around the upper orange trendline again, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
For the bears to take over, we need a momentum candle close below the last major low in gray.
Meanwhile, until the sell is activated, NZDCAD can still trade higher and even break the orange trendline upward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
NZDCAD has been overall bearish trading inside the falling channel in orange and now it is sitting around the upper orange trendline again, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
For the bears to take over, we need a momentum candle close below the last major low in gray.
Meanwhile, until the sell is activated, NZDCAD can still trade higher and even break the orange trendline upward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich