VasilyPonomarev
Short

NZDCAD: Head and Shoulders Pattern & Bearish Continuation

FX:NZDCAD   New Zealand Dollar/Canadian Dollar

hey guys,

confirmed bearish breakout of a neckline of a h&s pattern on NZDCAD .
now bearish continuation is expected.

if you missed that trade, the best entry is always on a retest.

target levels:
0.883
0.880

Comments

Would appreciate if you can show the SL level also in the chart
Nice analysis
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NZDCAD at 0.8890 om 15mins just stop and reverse, incredible! Yes good idea for short. (Most CAD pair had a 15mins reverse now.)
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@Siegemp555, thank you for comment!!!
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Thanks for sharing!
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VasilyPonomarev Phi-Deltalytics
@Phi-Deltalytics, you are welcome 🙏
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Great analysis! But I think one factor to look out for is a hidden bullish divergence currently visible on the H4 timeframe. Would be good to take into consideration of it before entering a trade! Just my 2 cents :) Good luck!
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VasilyPonomarev MyTradingAnxiety
@MyTradingAnxiety, thank you for comment!!!
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Dhakapips MyTradingAnxiety
@MyTradingAnxiety, where is the divergence?
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@Dhakapips, h4 macd crossover
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Great work again! :)
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