A potential sell opportunity
Trend lines have amazing magical powers to them.
This could be a good sell on nzdcad as soon as the price kisses the trend line from below and reverses.
We must first see the signs of reversal on the lower time frames, though. For example, on the 1h & 15m charts.
On the 4h, daily, and weekly, this trend line holding its ground. That's what makes it looks like a place to sell from.
Yes, the price can break out of it and test the higher highs further up, but then again, you can't ignore the magical power of trend lines.
This could be a good sell on nzdcad as soon as the price kisses the trend line from below and reverses.
We must first see the signs of reversal on the lower time frames, though. For example, on the 1h & 15m charts.
On the 4h, daily, and weekly, this trend line holding its ground. That's what makes it looks like a place to sell from.
Yes, the price can break out of it and test the higher highs further up, but then again, you can't ignore the magical power of trend lines.
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