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NZDCAD: Trading Plan

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
VasilyTrader  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis Forex trading Technical Analysis NZD CAD NZDCAD newzealanddollar canadiandollar Currencies
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trendanalysis chartpattern waveanalysis forex trading technicalanalysis nzd cad nzdcad newzealanddollar canadiandollar currencies
snapshot

NZDCAD is approaching a strong level of resistance.
We have an opportunity to catch a retracement.

pay close attention to a potential head and shoulders formation.
market is currently forming a right shoulder.

let it complete it and then look for an occasional breakout.

Target levels will be:
0.844
0.841

stop will be above the right shoulder.
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