NZD/CADShort
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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.