Hello TradingView Family / Fellow Traders,
On 4H: Left Chart
NZDCAD has been overall bearish trading within the falling channel in blue. Currently, NZDCAD is approaching the lower bound of the channel so we will be looking for sell setups on lower timeframes.
On 1H: Right Chart
📈 For the bulls to take over, we need a momentum candle close above the neckline highlighted in gray.
📉 Meanwhile, NZDCAD would be bearish short-term and can still trade lower.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
On 4H: Left Chart
NZDCAD has been overall bearish trading within the falling channel in blue. Currently, NZDCAD is approaching the lower bound of the channel so we will be looking for sell setups on lower timeframes.
On 1H: Right Chart
📈 For the bulls to take over, we need a momentum candle close above the neckline highlighted in gray.
📉 Meanwhile, NZDCAD would be bearish short-term and can still trade lower.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr