NZDCAD DROP?
New Zealand Dollar/Canadian Dollar FX:NZDCAD
Signal NZDCAD Sell Limit @ 0.91280
SL: 0.91600 (32 Pips)
TP: 0.89800 (148 Pips)
4.63R
Analysis: Entry based off Daily pivot/38.2% Retracement. Stop based a bit higher than 78.2% retracement. Weekly 50% Retracement hit, multiple daily candles failing to bring price higher. Breach of Bull trend channel. Price has been forming distribution and target is 50% level, significant structure on HTF . Strong H4 RSI Divergence. Reversal trade.