NZDCAD Sell Idea

I believe NZDCAD has more room to go down and this is why I’m bearish on this pair as of now. One way to join with the down trend line found on the H1 chart and double wave correction. Here is the plan to join the bears.

Contents hide

1 NZDCAD Technical Analysis:
2 SELL Entry:
3 Targets:

NZDCAD Technical Analysis:

D1 – potential triple cycle

H1 – bearish trend line

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SELL Entry:

Look for double wave up near the trend line and bearish divergence to form at the zone marked on the screenshot below. This is where we will be looking for sell triggers.

Targets:

Aim to collect your first profit near the last swing low. This is where you should take you stop loss to break even and let the other part run aiming 0.85 zone and the daily bullish trend line from below.

Yours,

Vladimir

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.