NZDCAD SHORT BIAS
NZDCAD is looking kind of interesting right now, we have price back and chopping in the upside of the downtrend channel with a clear double top outlook where have not traded since Dec 2019..
Things looks more interesting on the weekly chart with a kind of tweezers top formed off the last 2 weeks candle, which can be considered a reversal pattern.
If we take this as top down analysis, we will see a chopping price on the 4H chart, i will like to see a break and retest of the chopping zone support for more down side, to pick a short around 0.8700 and target the next zone level at 0.8580 zone as Take Profit.
Things looks more interesting on the weekly chart with a kind of tweezers top formed off the last 2 weeks candle, which can be considered a reversal pattern.
If we take this as top down analysis, we will see a chopping price on the 4H chart, i will like to see a break and retest of the chopping zone support for more down side, to pick a short around 0.8700 and target the next zone level at 0.8580 zone as Take Profit.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.