NZDCAD Completed Bearish Shark Pattern at 0.87950
Consolidation Period.Looking for the next direction.
On the Upside:
We see a Bearish Gartley pattern emerging on the smaller charts.
Bearish Three Drives would be completed at 0.88100
CAD GDP will be released today. A better than expected CAD CPI may send the price below 0.87500
It is likely to test 0.88000 before CAD CPI data.
So our trade setups ( Based on Better Than Expected CAD GDP scenario )
SETUP #1
Trade: Short
Entry: 0.87950 - 0.88050
Stop: Above 0.88200
Target1: 0.87550
Target2: 0.87400
Target3: 0.87000
SETUP #2:
Support Breakout:
Trade: SHort
Entry: 0.87500
Stop: Above 0.87600
Target2: 0.87400
Target3: 0.87000
Consolidation Period.Looking for the next direction.
On the Upside:
We see a Bearish Gartley pattern emerging on the smaller charts.
Bearish Three Drives would be completed at 0.88100
CAD GDP will be released today. A better than expected CAD CPI may send the price below 0.87500
It is likely to test 0.88000 before CAD CPI data.
So our trade setups ( Based on Better Than Expected CAD GDP scenario )
SETUP #1
Trade: Short
Entry: 0.87950 - 0.88050
Stop: Above 0.88200
Target1: 0.87550
Target2: 0.87400
Target3: 0.87000
SETUP #2:
Support Breakout:
Trade: SHort
Entry: 0.87500
Stop: Above 0.87600
Target2: 0.87400
Target3: 0.87000
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