NZDCAD Setups 060721

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Reasons to SHORT
Really want to see some sort of retracement as drawn before entering short position, as price has been producing strong bullish impulse rally past days, without a retest it can be a riskier trade

1. 1h Level of resistance
2. Price on 4h Daily has been making LH LL structurally
3. we are on a potential reversal of swing high
4. 0.382 retracement on daily Fibonacci retracement
5. 4h 50EMA dynamic resistance
6. 20EMA bearish crossover
7. Last 4h swing high 0.618 retracement

Confirmation candle
N/a yet
Giao dịch đang hoạt động
Entered Short position @ 2%
NZDCADTrend Analysis

Hold nothing sacred in search of truth
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