AUDCAD and NZDCAD Head and Shoulders Set up
Both AUDCAD and NZDCAD showing signs of a reversal here as described by simple market structure. Both pairs have been in an uptrend with higher lows and higher highs. We then hit a major resistance/flip zone. From here, the uptrend has shown signs of exhaustion. What I am watching now is for a break and close below the neckline for the trigger.
NZDCAD looks the same:
NZDCAD looks the same:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.