TradingView
baterion02
Dec 13, 2019 11:07 AM

NZDCAD - Bearish Signs - Swing Opportunity Short

New Zealand Dollar/Canadian DollarFXCM

Description

Hello everyone,

The NZDCAD shows multiple bearish signs:

- Rejection on 1M resistance level
- Current price tested 1W upper channel line and rejected
- Bearish divergence on 4H using RSI
- Fibonacci Extension Golden Ratio reached on 1.61

Maybe there's a very good opportunity to open short on current price 0.8716, using as TP 0.8523 (strong 4H support near from 1M support on 0.8535).

Good luck everyone!
More