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NZDCAD: Structure Based Trade (Trading Plan)



⚠️NZDCAD reached a major daily structure resistance .


after a strong bullish wave the price has stopped on that and we see clear weakening signs:

we see multiple rejection on hourly and double top formation with a lower high.


0.8973 is its support.

I want to see hourly violation of that to initiate short position.


goals:

0.894

0.8904


in case of a new higher high above current tops, setup will be invalid.

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