NZDCAD: Market losing buying momentum at support
With every test of this support zone (also the 0.618 retracement), the market kept losing buying momentum.
Now the daily candle has closed as a bearish engulfing candle. I'll be looking to confirm a sell on the 4 hour or 1 hour.
Now the daily candle has closed as a bearish engulfing candle. I'll be looking to confirm a sell on the 4 hour or 1 hour.
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.