Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
NZDCAD Short Term Sell Idea After Bearish Trend Pattern
NZD/CAD
Short
NZDCAD Short Term Sell Idea After Bearish Trend Pattern
By VladimirRibakov
Follow
Follow
May 6, 2021
1
May 6, 2021
D1 - Potential double wave down.
Price still has room lower towards the 61.8% Fibonacci expansion level of the first wave.
Currently there are no signs of a trend change.
H4 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the strong resistance zone holds my short term view remains bearish here.
Bearish Patterns
bearishtrendpattern
correction
doublewave
Fibonacci
Fibonacci Expansion
Multiple Time Frame Analysis
NZDCAD
SELL
Support and Resistance
Trend Analysis
VladimirRibakov
Follow
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.