NZDCAD potential bearish reversal

27 May 2020

on WEEKLY: price is trading around a strong support/resistance zone in red so we will be looking for objective sell setups on lower timeframes.

Keeping in mind that price can still go up to test our brown trendline to get more liquidity to be able to push downward.

on M30: we are waiting for an objective below our lower orange trendline last swing standing to sell.

or waiting for the right shoulder to form and then enter on the head and shoulders neckline break downward.