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Bullandbeartrading

NZD/CAD Trade Idea

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
Bullandbeartrading  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators NZDCAD short swingtrader Forex
90
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trendanalysis chartpattern indicator nzdcad short swingtrader forex
Hello and welcome to my Trade Idea of the currency pair NZD/CAD.

Lets start with the Top Down Analysis.


Monthly: The monthly timeframe is in a strong downtrend.


Weekly: The weekly timeframe shows a nice bearish trend.


Daily: Daily is bearish too.


H4: On the H4 timeframe we draw the pennant pattern and wait for a breakout.


Have a nice day.
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