NZDCAD - Potential Short Soon
After posting this pair recently, as the week had played out I quickly noticed this channel/flag forming.
We have a key area of resistance at both 0.87000 and 0.884000. Currently we are range bound being capped by the 0.50% fib level at 0.87000. if we break this level I will look for price action around 0.884000 as we have many confluences for a short here.
Alternatively we could reverse from this current area of resistance. I will be looking for a break of the channel for an entry from 0.87000.
We have a key area of resistance at both 0.87000 and 0.884000. Currently we are range bound being capped by the 0.50% fib level at 0.87000. if we break this level I will look for price action around 0.884000 as we have many confluences for a short here.
Alternatively we could reverse from this current area of resistance. I will be looking for a break of the channel for an entry from 0.87000.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.