NZDCAD - Expect retracement ✅
Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalances higher and then to reject from bearish order block + institutional big figure 0.84000.
Fundamental analysis: Tomorrow will be released monthly CPI on CAD, but on Wednesday will be released quarterly CPI on NZD which was forecasted to increase this means strength of currency and validation of our analysis.
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‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalances higher and then to reject from bearish order block + institutional big figure 0.84000.
Fundamental analysis: Tomorrow will be released monthly CPI on CAD, but on Wednesday will be released quarterly CPI on NZD which was forecasted to increase this means strength of currency and validation of our analysis.
Like, comment and subscribe to be in touch with my content!
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t.me/Snick3rSD1
🌶 SpiceProp presents the offer with a 5% discount for any challenge.
🎁 Discount Code - SNICK5
spiceprop.com/
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