Get started
ThinkingAntsOk

NZD/CAD Waiting for a Downside Movement

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
ThinkingAntsOk  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis NZD CAD NZDCAD short Bearish Patterns analysis setup
7
1
trendanalysis supportandresistance mtfa nzd cad nzdcad short bearish analysis setup
🔸4H CHART EXPLANATION:
.
.
🔸Price bounced at the Daily Resistance Zone.
.
🔸It has broken the main Ascending Channel.
.
🔸Also, the first structure after the breakout has been broken, and now it is consolidating again.
.
🔸 If the current structure is broken to the downside with a nice movement, then we consider that it has potential to reach the Support Zone.

🔸WEEKLY CHART ANALYSIS:

snapshot
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.