NZDCAD: Trading Plan Short
New Zealand Dollar/Canadian DollarFXCM
Description
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NZDCAD is approaching a strong level of resistance.
We have an opportunity to catch a retracement.
pay close attention to a potential head and shoulders formation.
market is currently forming a right shoulder.
let it complete it and then look for an occasional breakout.
Target levels will be:
0.844
0.841
stop will be above the right shoulder.