NZDCAD:Breakout point always good for make a trade-BEARISH.



The pair NZDCAD approaching a definitive bearish zone with a breakout and yet to form an impulse.

And I believe that the breakout point must be the good selling point for a nice profit count.

Presently, the market printing the price range at 0.89508. For this pair, it was the previous trend resistance point that’s why the price got stuck here for a period of time.

So, I’m expecting the chart will print the candles in a downward direction. If it breaks trend mean, the fall will be very aggressive.

The fall may up-to 0.88409.

In this case, most of the time the price range don’t exit the previous resistance point if accidentally the chart starts to print signals in bull area means, end the trade at 0.90016.



Order: SELL

Entry: 0.89535

Take profit:0.88409

Stop loss: 0.90016

Risk Vs Reward: 2.34.

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Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.


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10 Jul 2018 3:36 pm Posted by admin