NZDCAD Short Idea
Price action on the daily and weekly time-frames have been majorly bullish but have yet to form structure after this extended push to the downside
According to our rules we would like to see price action come up to the 38.2% fib level at least before continuing. Ideally a push to our weekly resistance and 38.2% around 0.85000 would be indication to short after a confirmed rejection from this level.
We will look to target the -27% daily fib and weekly support around 0.8650 & 0.80250
Price action on the daily and weekly time-frames have been majorly bullish but have yet to form structure after this extended push to the downside
According to our rules we would like to see price action come up to the 38.2% fib level at least before continuing. Ideally a push to our weekly resistance and 38.2% around 0.85000 would be indication to short after a confirmed rejection from this level.
We will look to target the -27% daily fib and weekly support around 0.8650 & 0.80250
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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.