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MtxTrader

NZDCAD Break or Bounce? Probably Break

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
MtxTrader  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
NZDCAD 4h priceaction Bearish Patterns short support Trend Lines continuation breakout
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nzdcad 4h priceaction bearish short support trendline continuation breakout
Preparing for next week, price seems to be heading to the support trendline.

From there, I will be looking for a break to short.

I will not go long as price is currently downtrending, and in my eyes, is retracing.

I consider this a good bearish continuation setup.

We will see what next week will bring us.

Idee correlate

MtxTrader
NZDUSD Re-open Short Position Next Week
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