I expect bears to take control of NZDCAD.
The reasons:
- Prior Bearish movement
- Breakout of the corrective ascending channel + retest of the trend line and 18 EMA with a pinbar formation.
I would favour an entry at 0.88300 with a stop at 0.88760 and a Profit target at 0.87000
The reasons:
- Prior Bearish movement
- Breakout of the corrective ascending channel + retest of the trend line and 18 EMA with a pinbar formation.
I would favour an entry at 0.88300 with a stop at 0.88760 and a Profit target at 0.87000
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Successful Trade!