jolicoeur342

NZDCAD - SHORT LEVEL

Short
jolicoeur342 Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
0.98400 will be my SHORT LEVEL because of multiple confirmations. First of all i see a BAT PATTERN. Then I see a FIFTH WAVE on the current uptrend and BOLLINGER BANDS 50 PERIODS is HIGHLY OVERBOUGHT. Another sign that the market will reverse is because there is currently an extention in the wave 3, so basically that mean that the wave 3 will be the longest one, and we know that after an EXTENTION, the market get exhausted and attempt to reverse. I will be updating this post later on to find an ENDING DIAGONAL or another reversal pattern sign =) Lets enjoy this ride.
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