TradingView
VladimirRibakov
May 6, 2021 12:39 PM

NZDCAD Short Term Sell Idea After Bearish Trend Pattern Short

NZD/CADOANDA

Description

D1 - Potential double wave down.

Price still has room lower towards the 61.8% Fibonacci expansion level of the first wave.

Currently there are no signs of a trend change.

H4 - Bearish trend pattern.

Currently it looks like a correction is happening.

Until the strong resistance zone holds my short term view remains bearish here.
More