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SHORT ON NZD/CAD
New Zealand Dollar / Canadian Dollar
Short
SHORT ON NZD/CAD
By TB305
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May 11, 2022
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May 11, 2022
Price has broken a support level and created a downward wedge pattern.
This by default is a bullish reversal pattern.
However price is still below the 8 and 50 period moving average. Along with a Long wick rejecting sellers at the old support now resistance zone.
I will be taking this trade short for a good amount of pips.
Falling Wedge
NZDCAD
nzdcadshort
SELL
selling
short
Support and Resistance
Trend Analysis
Wedge
TB305
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