NZDCAD Top Reversal
Structure: Downward
Moving Average: 200 SMA still holds
Trendline: Broken of Uptrend Line
Trigger: Weekly Bearish Engulfing Candles
Pattern: Potential Head & Shoulder
Resistance: 0.8718, 0.88
Support: 0.85
Wait for Rebound to 0.8680 - 0.8710 Area, and observe whether Lower High will be formed. 4H/1D Reversal Candle for Signal.
Short at around 0.8710 - 0.8690
SL: 0.8810
TP: 0.8510
Moving Average: 200 SMA still holds
Trendline: Broken of Uptrend Line
Trigger: Weekly Bearish Engulfing Candles
Pattern: Potential Head & Shoulder
Resistance: 0.8718, 0.88
Support: 0.85
Wait for Rebound to 0.8680 - 0.8710 Area, and observe whether Lower High will be formed. 4H/1D Reversal Candle for Signal.
Short at around 0.8710 - 0.8690
SL: 0.8810
TP: 0.8510
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