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TomProTrader
Oct 10, 2016 2:15 PM

#NZDCAD: Bulls Lost Short Term Steam, Downside! #Forex Short

New Zealand Dollar/Canadian DollarFXCM

Description

Traders,

Clear bearish strength here. Price formed a rounded top/accumulation, where there was a clear image of demand from bulls gradually going into bears. Expecting price to make a nice move down, after a failed bull move was negated by a strong bearish open on the daily today.
Comments
Victor.Y.F
Thank you Tom! Renminbi is moving looking USDCNY. We're expecting 13- 17 th. Oct. breakout target 7.0 (7.2 top)
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