Head and Shoulders in NZDCAD , waitting for some price action
We could see a clear head and shoulders pattern in NZDCAD Daily Chart. Now we should wait to see more of price action.
Looks like it is forming a shooting star , not a perfect one. But what matters is that sellers are trying push the price down.
TP - Measuring the neckline to the head , we can see a movement around 150 pips. A take profit of 100 pips should be great.
The perfect scenerio should be a bearish marubozo appearing in the market showing the power of the sellers!
Have a great week!
Looks like it is forming a shooting star , not a perfect one. But what matters is that sellers are trying push the price down.
TP - Measuring the neckline to the head , we can see a movement around 150 pips. A take profit of 100 pips should be great.
The perfect scenerio should be a bearish marubozo appearing in the market showing the power of the sellers!
Have a great week!
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