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bufa88
Jan 20, 2019 3:59 PM

NZDCAD - HEAD & SHOULDERS-SHORT  Short

NZD/CADOANDA

Description

This is only my setup idea for this pair , IT IS NOT a signal


Monthly
-descending channel and strong bearish candle

Weekly
-bearish engulfing , after multiple price rejection pinbar at resistance zone and descending channel
+Stocastic in oversold
+ Macd istogram in bearish slope momentum

Daily
-Bearish Head and Shoulders
-price at support zone , so I am expecting a strong push to the downside in order to break the support area

4hr
-descending triangle ( bearish )
- few engulfing candles closed

****I will wait the price break the support area with a push then waiting a pullback/retest of the area as resistance so I will look for price action confirmation as signal to find a short entry in a lower
Time Frame
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