NZDCAD Sell Idea
D1 - False convergence, we may expect the price to respect the downtrend line and move lower again.
H4 - Bearish divergence, price respecting alternative trend line. We also have a double wave up, we can go short with the breakout of the most recent uptrend line.
H1 - Hidden bullish divergence, we may now expect one more push up towards the confluence point of all we showed above and then reversal.
H4 - Bearish divergence, price respecting alternative trend line. We also have a double wave up, we can go short with the breakout of the most recent uptrend line.
H1 - Hidden bullish divergence, we may now expect one more push up towards the confluence point of all we showed above and then reversal.
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