NZDCAD Weekly

Price has formed a powerful head on shoulders reversal pattern here, breaking below support to finish off last week with a bearish engulfing candlestick. In the weeks again, I am anticipating price to make its way towards the neckline, & if that is broken then a completion of the pattern could occur in the near future.

Note

Daily: Intraday setup, we can look for a retest of broken support as new resistance for entry point, & can aim for the support zone below.

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