NZDCAD: Potential Bearish Reversal?


NZDCAD: Potential Bearish Reversal?



For the past 2 weeks, price has been testing the monthly proximal line but fail to breach it. Finally, on Thu, there was a strong push ending with a daily close above the proximal line. But the next day, an equally strong bearish push erased all the gains made on Thu. I see this as a sign of weakness. Further confirmation needed. Will be watching this closely for a SHORT trade.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME . For VOLUME drive price.



Read more…