NZDCAD - Sell Opportunity - 4h Timeframe Entry
Looking for a potential short opportunity for NZDCAD.
Weekly - Downtrend with trend falling well below 200 EMA + Stoch Overbought
Daily - Rejection and Bearish engulfing daily candle off Daily Resistance Zone
4h - Nice bearish engulfing candles, looking for 50% pullback before considering Shorts.
*Note to self - Check OIL Trend if Bullish more confluence to short.
Weekly - Downtrend with trend falling well below 200 EMA + Stoch Overbought
Daily - Rejection and Bearish engulfing daily candle off Daily Resistance Zone
4h - Nice bearish engulfing candles, looking for 50% pullback before considering Shorts.
*Note to self - Check OIL Trend if Bullish more confluence to short.