Looking back:
NZDCAD was on my radar 2 weeks ago since I saw 3 weekly bearish pin bar candles on 3, 10, 17 Dec 2018 reacted with long-term down trendline since 7th Nov 2016. I was waiting for a price pattern since then. I already went short right after seeing bearish candle on 2nd Jan 2019
Weekly Chart:
A bearish candle
Daily Chart:
Friday closed with a bearish candle, but we saw the reaction of price with the old long-term trend line since Jan 2009
Watch out:
1. There might be a retest zone 0.907
2. Zone around 0.88-0.89 might be the 1st support
3. Zone around 0.853-0.865 might be stronger support
Action:
Keep holding the short position
NZDCAD was on my radar 2 weeks ago since I saw 3 weekly bearish pin bar candles on 3, 10, 17 Dec 2018 reacted with long-term down trendline since 7th Nov 2016. I was waiting for a price pattern since then. I already went short right after seeing bearish candle on 2nd Jan 2019
Weekly Chart:
A bearish candle
Daily Chart:
Friday closed with a bearish candle, but we saw the reaction of price with the old long-term trend line since Jan 2009
Watch out:
1. There might be a retest zone 0.907
2. Zone around 0.88-0.89 might be the 1st support
3. Zone around 0.853-0.865 might be stronger support
Action:
Keep holding the short position
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.