NZDCAD - Keep It Simple 👌

25 בינו׳

Hello TradingView Family / Fellow Traders,

On Daily: Left Chart
NZDCAD broke below a previous major low so it is now acting as a local resistance zone, thus we will be looking for trend-following 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 bears take over, NZDCAD can still trade higher for an over-extended correction movement.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr