NZD/CAD Short Term Scalps

29 juil. 2020

You can see here that price is currently starting to consolidate past a bullish trend line which is signaling weak buyers (for now) the fact that it had left a 30 pip rejection candle to the upside is also speaking volumes (haha). It might be possible for price to accumulate more on the trend line for a retest of a significant liquidity area that will have enough range to safely target 70-80 pips to the downside. Price is still bullish long term to meet the weekly range fill so possibly retest of area to go shorts short term and then see what reaction price gives once it reaches the 0.88430 level.