Hey traders,
NZDCAD is trading in a long-term bearish trend.
Lower highs are perfectly respecting a major falling trend line on a weekly.
After the last strong bearish wave, the price reached that again.
On that, we see a descending triangle formation on a daily time frame.
To catch a bearish swing wait for a daily candle close below its support to confirm a breakout.
Then shorting on a retest we will expect a bearish move to 0.853 / 0.843 levels.
If the price respects a yellow support and breaks a trend line to the upside, the setup will be invalid.
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✅My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.