NZD/CAD Short Setup

30 בדצמ׳ 2018

Long term swing trade on the weekly timeframe with a potential to make 450 pips. Structure is within a parallel channel where price is showing rejections, series of pinbars followed by a doji, around the 0.9200 resistance area which serves as confluence. On the lower timeframes price is consolidating which happens before an impulsive move and my bias therefore remains bearish on this pair. Good value trade to hold for the coming weeks.