NZDCAD - Bearish Signs - Swing Opportunity
Hello everyone,
The NZDCAD shows multiple bearish signs:
- Rejection on 1M resistance level
- Current price tested 1W upper channel line and rejected
- Bearish divergence on 4H using RSI
- Fibonacci Extension Golden Ratio reached on 1.61
Maybe there's a very good opportunity to open short on current price 0.8716, using as TP 0.8523 (strong 4H support near from 1M support on 0.8535).
Good luck everyone!
The NZDCAD shows multiple bearish signs:
- Rejection on 1M resistance level
- Current price tested 1W upper channel line and rejected
- Bearish divergence on 4H using RSI
- Fibonacci Extension Golden Ratio reached on 1.61
Maybe there's a very good opportunity to open short on current price 0.8716, using as TP 0.8523 (strong 4H support near from 1M support on 0.8535).
Good luck everyone!
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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.