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VladimirRibakov

NZDCAD Sell Idea Based On Multi-timeframe Analysis

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NZD/CAD (OANDA:NZDCAD)  
VladimirRibakov  
OANDA:NZDCAD   NZD/CAD
Trend Analysis Support and Resistance Multiple Time Frame Analysis NZDCAD SELL Bearish Patterns resistance_level bearishdivergence range psychologicalroundnumber
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trendanalysis supportandresistance mtfa nzdcad sell bearish resistance_level bearishdivergence range psychologicalroundnumber
W1 - Price is bouncing lower from the strong resistance zone formed by the 61.8% fibonacci expansion level of the first wave.

Bearish divergence.

H4 - After the first move down currently it looks like a correction is happening in the form of a range.

Until the key resistance zone formed the top of the range and the 0.91 psychological level holds my view remains bearish here.
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