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NZDCAD Short at Channel Resistance and Break of Rising Wedge
NZD/CAD
Short
NZDCAD Short at Channel Resistance and Break of Rising Wedge
By AidanMDang
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Updated
Mar 29, 2019
6
Mar 26, 2019
Here we have an opportunity to short NZDCAD at the upper channel resistance.
Price has consolidated into a wedge pattern, and I expect a break to the downside between the 1.272 and 1.414 fib extension levels (as seen on chart)
Mar 29, 2019
Note
CAD
Fibonacci
NZD
Parallel Channel
Wedge
AidanMDang
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