NZDCAD Technical Overview CAD GDP Ahead

NZDCAD Completed Bearish Shark Pattern at 0.87950
Consolidation Period.Looking for the next direction.

On the Upside:

We see a Bearish Gartley pattern emerging on the smaller charts.
Bearish Three Drives would be completed at 0.88100

CAD GDP will be released today. A better than expected CAD CPI may send the price below 0.87500

It is likely to test 0.88000 before CAD CPI data.

So our trade setups ( Based on Better Than Expected CAD GDP scenario )

SETUP #1

Trade: Short

Entry: 0.87950 - 0.88050

Stop: Above 0.88200

Target1: 0.87550

Target2: 0.87400

Target3: 0.87000

SETUP #2:

Support Breakout:

Trade: SHort

Entry: 0.87500

Stop: Above 0.87600

Target2: 0.87400

Target3: 0.87000