WrateyFx

NZD/CAD SHORT

Short
OANDA:NZDCAD   NZD/CAD
here we have a nice short confident setup on NZDCAD, as you can see we was in a big ascending channel but then took a big reverse to the downside creating a reversal channel to the downside, it touched the downtrend line and began dropping back into its small uptrend channel which you can see , looking to make a touch on the bottom trend line of the small uptrend channel . aswell as its got bearish divergence which is another confirmation.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.