NZD/CAD: Swingsetup and Opportunity#SELL

Hey tradomaniacs,




NZD/CAD has been broken through the trendchannel (a) and has hit a strong key-resistance showing a decreasing volume the closer we got to it.
This is a high evidence of a bullish weakness and shows it is time to for bulls to save profits.

I expect the market to head towards the previous channel to retest it before the rally continues.
The current resistance-zone gives us a great risk-reward ratio and good opportunity to sell.

Type: Swingtrade


Market Sell: 0,87555
Stop-Loss: 0,88985

Target 1: 0,85965
Target 2: 0,84750
Target 3: 0,83565


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Peace and good trades
Irasor


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