NZDCAD Double top, with double tops

Just touching our bearish trend line, we have two double tops coming together to make a bigger double top. Trend line and the structure that we see here also coincide with historical support and resistance area, aswell as the round even number 0.9500 which price has yet failed to violate.

Above could very well be reason enough to see a bearish rotation where I see multiple potential targets. Main targets are 0.9440 and 0.9400. Longer term target is 0.9300.

Yorum:

Target 1 has been hit, some profit bagged. Moving stop loss to entry

Yorum:

See comment below for update