NZD/CAD:
Date: 2 February, 2017
H4 Graph: Long Term Trend, Short term short move
The price started going down after made a high around 0.9600. After small corrections, price formed a third lower high and price remains below the diagonal resistance, below 50 ЕМА and horizontal resistance. FIB level of 50% was also tested.
DEM - Above the zone of oversold
Alternative scenario: If the price move back above the diagonal and horizontal resistance, this will cancel this bearish view.
Price for Entry short around: 0.9500
SL: 0.95600
Trader - S. Fuchedzhiev
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