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DeGRAM
Nov 28, 2023 8:47 AM

DeGRAM | NZDCAD falling from resistance Short

FX:NZDCAD60
New Zealand Dollar/Canadian DollarFXCM

Description

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NZDCAD is moving in the descending channel, and it has made lower lows. 

The market broke and closed below the support level, which became a resistance that was respected before.

We anticipate a bearish move from the resistance level to complete the AB=CD pattern.


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Trend AnalysisChart PatternsSupport and ResistanceNZDCADANALYSISNZDCADSIGNAL
Comments
MyCryptoParadise
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NZDCAD's movement within a descending channel and its pattern of lower lows, coupled with the break and close below a key support-turned-resistance level, certainly sets the stage for a potential bearish move to complete the AB=CD pattern.
EMA_Trading
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Good work.
nouman48
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he coming bullish heavy on tomorrow 😅😅
Stone_Haven
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Nice chart !!
DeGRAM
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Good luck in the markets and may the profit be with you !
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