Going here for one more short! Nice break of pattern followed by re-test, matching with 61.8% fib! Care to comment? What you think?? Join me on telegram!! Lets chat! t.me/tradingbayfx
I SEE THIS BOTH POSSIBILITIES FOR NZD CAD BUT I SEE A STILL BEARISH PAIR
There is resistance along with a big wick to indicate a short for NZDCAD. Therefore, it is time to sell it. Also, check the 4 hour chart as well as it’s making its way to sell strong.
NZDCAD is nearing a support area. If price can break through and close below the lower Bollinger Band, I will enter short. There is a strong Bollinger Band squeeze on the 4H time frame. RSI was recently overbought. TP levels set at fib retracement levels; 50%, 61,8% + 100%.