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danuto17

NZDCAD: Preparation for another downside move

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
danuto17 Updated   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Wave Analysis Chart Patterns NZDCAD Forex Technical Analysis elliottwavecorrection elliotwaveanalysis Triangle Wave
9
0
trendanalysis waveanalysis chartpattern nzdcad forex technicalanalysis elliottwavecorrection elliotwaveanalysis trianglewave

As you can see in the posted chart, the pair will eventually goes down after the completion of triangle pattern (3-3-3-3-3).
snapshot
The blue box indicates the next target level of last movement of (e) wave.
This analysis is just one possibility of many scenario, but for me, it is the most anticipated and preferable scenario. Let's see how it will be played out.
Comment:
The Triangle wave should have completed, i'm already had several open short positions in my trade... hopefully it will reach 0.86008 soon.
Comment:
Okay it breaks the resistance level of 0.86000, as expected, hopefully it continue to go downhill....
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