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TheBearTrader1
Aug 25, 2020 11:48 AM

NZDCAD SHORT OPPORTUNITIES UPON 4H CLOSE Short

NZD/CADOANDA

Description

Short opportunities on this H4 close (if we have this bearish wick) if not I will be waiting for a deeper retracement into the 50% fib. We have multiple confluences here as price is clearly in a downtrend (lower highs, lower lows), price is also respecting this descending TL, we are also near and below the 50EMA and has stalled around the 38.2 fib level with what looks to be a bearish wick for confirmed entry. ALso favour a weak NZD.
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