FullTimeTrader
Short

NZDCAD-two patterns at play

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
199 0 4
My bias was strongly bullish on this pair but i see since we are at alltime highs the NZDCAD             is making an important correction or may be a trend change.
Looking at W1 chart we have a bearish bat:
snapshot


Here at D1 chart we have a bearish butterfly . I didnt place a limit order there before because a bounce on 0.95 level could happen.
Price tried to bounce at that level and finally failed to hold above it. Now its loosing strenght against all currencies very quickly

Target 1 is more realistic but just in case i placed the targets from W1 chart also.

Best regards

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