NZDCAD - Still Trading The Channel 📉

May 3, 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

NZDCAD has been overall bearish trading inside the falling channel in orange, and as per my last analysis (attached on the chart) we have been trading the channel.

Now NZDCAD is approaching the upper trendline again.

As per my trading style:
As NZDCAD is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

We will be looking for sell setups, UNLESS the channel is broken upward.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich