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NZD/CAD

NZDCAD repeating pattern?

Oleh botje11
Diupdate
The 0.9080 got rejected again, which is also a big resistance area. On the right we can see another small H&S which has triggered a small drop so far. There is a good chance a big wave down can happen the coming weeks, so i am going to take on this trade here. I will start out small and i will increase it on the way down, with the first time if that green one on the left breaks.



Previous analysis:

NZDCAD inverse H&S play
Komentar
It even got above the previous high, but in combo with this potential bearish wedge and that false breakout, looks like the direction is down again. Looks like the support already broke, so it should stay below that red zone now. If so, the wedge should be in play and we should see a good drop the next 24 hours or so

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Trading ditutup: stop tercapai
Komentar
NZDCAD
Beyond Technical AnalysisCADCADNZDChart PatternsmzdTrend Analysis
botje11

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