Don't miss the great sell opportunity in NZDCAD

١٨ فبراير ٢٠٢٠

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.8495). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.

Take Profits:
TP1= @ 0.8425
TP2= @ 0.8345
TP3= @ 0.8245

SL: Break Above R2