NZD/CAD Re-test to the previous supply structure
After the Daily trendline breakout, we expect a retracement at least to the 0.382% from the Fibonacci of the impulse, in this case the point wich is lined up with or previous structure is the 0.618 (the golden ratio).
We just need to pay attention to the wedge pattern that is forming in the 1H Chart, and watch carefully for a bearish price action, in that point we can take a nice Short Position with a very good RR.
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We just need to pay attention to the wedge pattern that is forming in the 1H Chart, and watch carefully for a bearish price action, in that point we can take a nice Short Position with a very good RR.
I hope you enjoyed, please leave a comment and follow for more free analisys.