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VladimirRibakov

NZDCAD Short Term Sell Idea After Bearish Trend Pattern

Short
NZD/CAD (OANDA:NZDCAD)  
VladimirRibakov  
OANDA:NZDCAD   NZD/CAD
Trend Analysis Multiple Time Frame Analysis Fibonacci NZDCAD SELL Bearish Patterns doublewave Fibonacci Expansion bearishtrendpattern correction Support and Resistance
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trendanalysis mtfa fibonacci nzdcad sell bearish doublewave fibonacciexpansion bearishtrendpattern correction supportandresistance
D1 - Potential double wave down.

Price still has room lower towards the 61.8% Fibonacci expansion level of the first wave.

Currently there are no signs of a trend change.

H4 - Bearish trend pattern.

Currently it looks like a correction is happening.

Until the strong resistance zone holds my short term view remains bearish here.
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