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NZD/CAD
Short

NZDCAD in bearish parallel channel

101
following the DOW theory we can see a series of LHs and LLs in the parallel channel right now the price has also been rejected from Golden Fib pocket .618 which is another indication of a bearish trend with no major signs of reversals currently. A good short setup can be found on 1HR TF with decent RR
faisal-101
FibonacciParallel ChannelTrend Analysis

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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.
FibonacciParallel ChannelTrend Analysis
faisal-101

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.