Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
NZDCAD BEARISH REVERSAL FORMED 📚
👉As we can see price is sitting around a massive resistance zone, where we will be looking for new bearish movements.
Unless price managed to break above this zone from Daily time frame, then a movement higher would be expected, till the upper marked zone.
👉Until that, price is still bullish from a short-term perspective, and for the bears to take over, we need a break below the marked swing low, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
NZDCAD BEARISH REVERSAL FORMED 📚
👉As we can see price is sitting around a massive resistance zone, where we will be looking for new bearish movements.
Unless price managed to break above this zone from Daily time frame, then a movement higher would be expected, till the upper marked zone.
👉Until that, price is still bullish from a short-term perspective, and for the bears to take over, we need a break below the marked swing low, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!