Here is the clear view for NZD/CAD pair
1) Monthly Uptrend is broken and price made lower low to confirm the short-term downtrend.
2) Now where to short this pair? As you can see, I have 2 view for this pair, On primary view harmonic patterns giving us some clue where market moving in smaller time frames.
3) If I get stopped out from primary view then I will go for an alternate view which is much more stronger than the primary view, Reason - Monthly broken uptrend-line and channel top will act as Resistance which makes more sense to go short.
Have a good trading week!
1) Monthly Uptrend is broken and price made lower low to confirm the short-term downtrend.
2) Now where to short this pair? As you can see, I have 2 view for this pair, On primary view harmonic patterns giving us some clue where market moving in smaller time frames.
3) If I get stopped out from primary view then I will go for an alternate view which is much more stronger than the primary view, Reason - Monthly broken uptrend-line and channel top will act as Resistance which makes more sense to go short.
Have a good trading week!
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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.
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.