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Bullandbeartrading

NZD/CAD Trade Idea

Short
New Zealand Dollar/Canadian Dollar (FX:NZDCAD)  
Bullandbeartrading  
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators NZDCAD short Forex swingtrade countertrendline
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trendanalysis chartpattern indicator nzdcad short forex swingtrade countertrendline
Hello and welcome to my Trade Idea of the currency pair NZD/CAD.

Lets start with the Top Down Analysis.


Monthly: Monthly is very bearish with nice up and down waves.

Weekly: The weekly timeframe is permanently falling with nearly no pullbacks.

Daily: Daily is bearish too.

H4: We draw the counter trendline on the h4 timeframe and wait for a confirmed breakout.


Have a nice day.
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