NZDCAD H1 SHORT PRICE ACTION FORECAST

With price action trading close to a resistance level, together with the 50EMA and downward trendline, it could bring the opportunity for a short trade as a sell-limit entry setup.

When checking the intraday charts at H1, the candle forming was a clear Doji bar signaling the possible fatigue of the short correction from the more significant downtrend bias.

S/L: 30 pip with an R:R | 1:2 with the T/P right from last week's previous support level.

Transakcja zakończona: osiągnięto poziom stop:

Price action triggered order for a breakthrough and trend change