Here is the clear view for NZD/CAD pair
1) Monthly Uptrend is broken and price made lower low to confirm the short-term downtrend.
2) Now where to short this pair? As you can see, I have 2 view for this pair, On primary view harmonic patterns giving us some clue where market moving in smaller time frames.
3) If I get stopped out from primary view then I will go for an alternate view which is much more stronger than the primary view, Reason - Monthly broken uptrend-line and channel top will act as Resistance which makes more sense to go short.
Have a good trading week!
1) Monthly Uptrend is broken and price made lower low to confirm the short-term downtrend.
2) Now where to short this pair? As you can see, I have 2 view for this pair, On primary view harmonic patterns giving us some clue where market moving in smaller time frames.
3) If I get stopped out from primary view then I will go for an alternate view which is much more stronger than the primary view, Reason - Monthly broken uptrend-line and channel top will act as Resistance which makes more sense to go short.
Have a good trading week!
