Bearish NZDCADThe daily trend is Bullish on the NZDCAD(its trading above the 200 Daily SMA). With that said, there is a retracement playing out going to either the Fibo 50% or the Fibo 61.8%. At the moment it is at the top of a downward channel eyeing the Fibo 50%
Also sentiment on the pair is at an astounding 90% long. Sentiment is contrarian so short-term shorts are suggested to at least the Fibo 50% and the bottom of the channel.
Entry @ 0.8430 === SL @ 0.8550 === TP @ 0.8225
