NZDCAD Bearish Move for at least this month
NZDCAD has touched a strong bearish trendline that has been created since the start of the year, not only that but now it is about to create a double top at the higher timeframe which makes it a good play to short it for the forcible weeks.
Note
The Fed news definitely makes this idea even more valid Note
well in trading its better to react to market than predict, so with that in mind this play is now confirmed to be a bullish move as it has broke a strong long term trendline to move out up wards, i will wait for a retest of the trendline and will load it upNote
I would consider now it has retested enough but in a narrow chance sellers might still have some steam left to drag this a bit down, though not good enough to drive it back inside the trendline
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.