Weekly NZDCAD Potential Shark Pattern

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
If we get a higher high close candlestick we are talking about a probable trend continuation here.. but i would rather sit and wait patiently the pattern completion at D point

Conclusion... i wouldn't get too excited with the bullish trend here.. Also check the RSI bearish divergence...

I would also have in mind potential bearish patterns or double tops at the lower time frames to short this pair

Anyway that's my idea... tell me what you think about it :)
Okey guys! check this out! A bearish Butterfly pattern at the 4h time frame! i am going to wait for it...!


1h Cup and handle formation i am waiting for a double top to enter
MoeHelou jaktrader
You want to open short or long ? because the chart you attached is not clear , there is arrow going up and the means long and in the same time the stop loss is up and targets are down the means short can you explain more pls .
jaktrader MoeHelou
Yeah sorry for that short position! for some reason took the screenshot like this and its not clear.. I am waiting for a double top at this level
I think we are sitting on crater .
we have 1996 + 1997 resistance it will make the price go down .
jaktrader MoeHelou
wow... Nice thank you! Now i am really going to consider shorting it if i see something :)
MoeHelou jaktrader
I thinks not all charts have this much old data , because people have no idea about this resistance .
33788 MoeHelou
Already selling from 9725 :-) . Dropped 250+ pips but has made it's way back because of the correction. I'm holding on with a 50 pip stop because perhaps the end is near. Maybe a double top is what's needed :-) . If the zone breaks, we'll catch the next zone above. One of these will reverse it. Good luck.
Great! Okey lets hope for the best! :)
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