#NZDCAD: Bulls Lost Short Term Steam, Downside! #Forex
Traders,
Update: Price has moved very well since I last posted this idea (See related ideas). Well done to anyone with a tested trading strategy who was able to catch this move, and well done to my group for catching this move with me.
Clear bearish strength here. Price formed a rounded top/accumulation, where there was a clear image of demand from bulls gradually going into bears. Expecting price to make a nice move down, after a failed bull move was negated by a strong bearish open on the daily. Moving well towards target as predicted, and will likely see target hit in next weeks trading.
Update: Price has moved very well since I last posted this idea (See related ideas). Well done to anyone with a tested trading strategy who was able to catch this move, and well done to my group for catching this move with me.
Clear bearish strength here. Price formed a rounded top/accumulation, where there was a clear image of demand from bulls gradually going into bears. Expecting price to make a nice move down, after a failed bull move was negated by a strong bearish open on the daily. Moving well towards target as predicted, and will likely see target hit in next weeks trading.
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