NZDCAD BEARISH REVERSAL FORMED

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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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!