#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.
Related publications
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.