TradingView
TUCM
Sep 9, 2021 7:46 PM

Reversal Short

New Zealand Dollar/Canadian DollarFXCM

Description

HTF: Big HeadnShoulders forming and expanding wedge structure
-> Wait for Top-Formation

LTF: Massive Run into long-term resistance within a rising wedge
(bearish reversal pattern)

Plan: Look for a break of the wedge, wait for a continuation correction on the lower time frame and then attack

Duration: Potentially, 2-4 weeks

Good Luck!
More