NZD/CADUpdated NZDCAD: Short Term Technical Analysis
The technical context on NZDCAD pair has become slightly complicated. Last week we tried to follow a Bearish Pattern (see chart below) which although it worked well at first, sucessively invalidated the harmonic structure, so our decision to have a stop at breakeven was correct.
That said, in order to follow some interesting Patterns, we need to wait until at least Monday's session to figure out which direction the pair will take in the short term.
(Click & Play on Chart below)
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
NZDCAD pair has become slightly complicated. Last week we tried to follow a Bearish Pattern (see chart below) which although it worked well at first, sucessively invalidated the harmonic structure, so our decision to have a stop at breakeven was correct.That said, in order to follow some interesting Patterns, we need to wait until at least Monday's session to figure out which direction the pair will take in the short term.
(Click & Play on Chart below)
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
Note
Note
Note
Impulsive structure in play...Note
(Click and Play on chart below)
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Related publications
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.