I believe NZDCAD has more room to go down and this is why I’m bearish on this pair as of now. One way to join with the down trend line found on the H1 chart and double wave correction. Here is the plan to join the bears.
NZDCAD Technical Analysis:
D1 – potential triple cycle
H1 – bearish trend line
SELL Entry:
Look for double wave up near the trend line and bearish divergence to form at the zone marked on the screenshot below. This is where we will be looking for sell triggers.
Targets:
Aim to collect your first profit near the last swing low. This is where you should take you stop loss to break even and let the other part run aiming 0.85 zone and the daily bullish trend line from below.
Yours,
Vladimir
