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NZD/CAD
Short

NZDCAD SHORT OPPORTUNITIES UPON 4H CLOSE

31
Short opportunities on this H4 close (if we have this bearish wick) if not I will be waiting for a deeper retracement into the 50% fib. We have multiple confluences here as price is clearly in a downtrend (lower highs, lower lows), price is also respecting this descending TL, we are also near and below the 50EMA and has stalled around the 38.2 fib level with what looks to be a bearish wick for confirmed entry. ALso favour a weak NZD.
TheBearTrader1
Chart Patternsforexsignalsfundamental-analysisTechnical IndicatorsNZDnzdcadshortshortsignalsTechnical AnalysisTrend Analysis

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Chart Patternsforexsignalsfundamental-analysisTechnical IndicatorsNZDnzdcadshortshortsignalsTechnical AnalysisTrend Analysis
TheBearTrader1

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.