NZDCAD Daily 9/22/19
Short Idea
NzdCad has been very bearish on the daily time frame for a couple months now. Continuing with the trend at this current level we would like to see a push through the monthly support.
The short term play would be to target the weekly -27% fib level about 130 pips lower. Ideally we would like to see a positive retest of recent broken structure around 0.83500. Look for bearish variances as confirmation.
If price action does correct this large bearish move this week look for a pullback to the 0.85550 area.
Short Idea
NzdCad has been very bearish on the daily time frame for a couple months now. Continuing with the trend at this current level we would like to see a push through the monthly support.
The short term play would be to target the weekly -27% fib level about 130 pips lower. Ideally we would like to see a positive retest of recent broken structure around 0.83500. Look for bearish variances as confirmation.
If price action does correct this large bearish move this week look for a pullback to the 0.85550 area.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.