NZD/CAD Short with 7.0 R/R - rejection of bearish Orderblock EQ
Updated
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Current leg-up on NZDCAD could lead to a retracement on the 4D-weekly chart.
A 2016 Nov' trendline matching with EQ of our bearish OB, 4D-RSI approaching trendline-resistance and overall price trading at OTE gives confluence here.
4D candle just closed below EQ and trendline, wich indicates lack of strength here.
Current leg-up on NZDCAD could lead to a retracement on the 4D-weekly chart.
A 2016 Nov' trendline matching with EQ of our bearish OB, 4D-RSI approaching trendline-resistance and overall price trading at OTE gives confluence here.
4D candle just closed below EQ and trendline, wich indicates lack of strength here.
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Quick update: 366 pips profitDisclaimer
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