Trading2ez
Short

NZD/CAD and where to SELL

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Hey tradomaniacs,

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 bearish confluence.


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Peace and good trades
Irasor

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Comments

Good work
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