NZDCAD HEAD AND SHOULDER PATTERN

Hello traders as you can see NZDCAD is moving downwards. not it looks like we are in the neckline of a head and shoulders pattern. If you take the fibo you will realize that we are also at the 0.618 level and this level is in confluence with the trendline. If you see some sort of rejections you can consider it as a good place to sell. By other side , we are at the same level thnt the ema 50 in daily time frame and that EMA can also work as a resistance level.

------------
---------------------------
---------------------------
All information and material is for educational purposes only and is not intended to provide financial advice.
AIRFOREXONE and me are not a licensed financial advisor or broker and it's not responsible of your actions in financial markets. We are just 2 happy traders sharing experience and helping the others with price action :D NZDCAD