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Nzdcadshort

"NZDCAD: the last impulse of the down move?" by ThinkingAntsOk4H CHART EXPLANATION: - In Weekly Terms, we observe a lateralization in this instrument since 2014. - In April 19', it started its down move towards the level in which it is now. - Price is on an a Descending Channel. - It is currently on a Bearish Corrective Structure. If it breaks it at 0,85, it has potential to move down towards the Support Zone at 0,837. - After this, we expect price to move up. Check out our Weekly and Daily Vision, that support our short idea! Weekly Vision: Daily Vision:
Short
by ThinkingAntsOk
NZDCAD Head and Shoulders Confirming Trend ShiftNZDCAD had a nice uptrend with multiple waves, and then we hit the 0.8880 resistance/flip zone. From here price began to stop making higher lows, and we created a head and shoulders indicating a reversal. The 2 hour chart shows this head and shoulders much clearer. We came back to retest the neckline which could also be out first lower high in this new downtrend. This will be confirmed with a lower low, or once we break this area we are testing at 0.8790. 0.8750 could be considered our first take profit target.
Short
by Uncharted-FX