NZDCAD has been on bullish trend for some time now, few days back we saw a rejection at the strong resistance with reversal candles. The prices have printed a bearish crab and already we have missed some pips down. However, it is not too late too jump in. This setup was supposed to published when the price was still at the resistance zone to avaoid risk management...
Prices are consolidating in a triangle. We see potential for a break from our buy entry at 0.86861 in line with 23.6% Fibonacci retracement towards our Take Profit at 0.87476 in line with 127.2% Fibonacci extension . Technical indicators are showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
-Weekly double top
-Daily 4 trendline touch = meltdown
-Retest of weekly resistance after break below
-Target matches us with Monthly and trend line touch 2
-Looking for 3rd and final drive down
-Duplication of a an evening star from drive 2
-Price riding below 8 EMA
-Be wary of the highlight mother candle
Trade Safe - (I am already 20 Pips into this trade)
