NZDCAD Daily Analysis 2/9/20
NZDCAD Short Idea
We have identified the monthly timemframe as bullish and the weekly,daily & 4hr as bearish
Last week we saw this play out to perfection from our analysis. We saw strong bearish momentum confirm the transition to the downside.
Now we have seen a lower time frame support level broken and we are looking for a retest. Ideally a retest followed by 4hour/1hr bearish setups would be enough confirmation to enter on.
We’re looking to target lower toward our 0.84000
We have identified the monthly timemframe as bullish and the weekly,daily & 4hr as bearish
Last week we saw this play out to perfection from our analysis. We saw strong bearish momentum confirm the transition to the downside.
Now we have seen a lower time frame support level broken and we are looking for a retest. Ideally a retest followed by 4hour/1hr bearish setups would be enough confirmation to enter on.
We’re looking to target lower toward our 0.84000
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