rodriguesths

NZDCAD 2nd bearish wave !! 100PIPS

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Price rejected 0.8800 with a huge rally to 0.8630, breaking the up-trend iniciated on oct'19 ! Since then it's been consolidating with a 40-50pips range! I'm in a Sell right now on 0.8675 where price touched 0.382 fib and got rejected, already in 30pips profit and secured at entry! My initial thought, was that the 0.618 lvl was looking more reliable and i still think price can managed to ge there before the next move down! Lets see!

What do you think?? Let me know your opinion in the comment sessions!

Also, if you want to join us in a chat group where we can all share our opinion and vision of the market, you are welcome!
t.me/tradingbayfx
Comment: Closed half position of first entry at +30pips profit. Price then closed at entry the remaining!
Waiting now to find more sell opportunities!