NZDCAD Bearish Reversal Opportunity
NZDCAD is near a key resistance zone. A potential Bearish reversal may occur if the price action breaks the previous Higher Low.
Bears may eventually face a strong support zone around 0.814 till 0.806. If this zone breaks, chances of TP2 will increase.
Trade Plan:
4Hr Time Frame
Entry @ 0.83340
Stop Loss @ 0.84350
TP1 @ 0.8233
TP2 @ 0.8132
No. of Trades: 2
Move Stop Loss to Break even if TP1 hits.
Bears may eventually face a strong support zone around 0.814 till 0.806. If this zone breaks, chances of TP2 will increase.
Trade Plan:
4Hr Time Frame
Entry @ 0.83340
Stop Loss @ 0.84350
TP1 @ 0.8233
TP2 @ 0.8132
No. of Trades: 2
Move Stop Loss to Break even if TP1 hits.
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