previous fakeout the the downside hasbeen a strong Stop-Loss-Fishing-Move and resulted in a strong upmove.
Currently NZD/CAD is testing a strong resistance but still shows a lot of buy-pressure there which makes it more likely to see a break until the next resistance which would complete the A-B-C Pattern close the the 50% - 61,8% Retracement.
Up there we would probably get a nice chance to sell as soon as we see confluence.
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