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NZDCAD: Your Trading Plan For Today 🇳🇿🇨🇦

By VasilyTrader
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Hey traders,

NZDCAD broke and closed below a solid structure support yesterday.
Retesting the broken structure, the price formed a head and shoulders pattern on 1H time frame.

To short with a confirmation, watch 0.7893 - 0.7898 horizontal neckline.
We need an hourly candle close below that to confirm the breakout.
Then, short aggressively or on a retest.

Goals will be 0.788 / 0.7865

If the price sets a new high though, the setup will be invalid.

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CADcanadiandollarHead and ShouldersMultiple Time Frame AnalysisnewzealanddollarNZDNZDCADpriceactionpriceactionanalysispriceactiontradingSupport and Resistance
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