FX:NZDCAD   New Zealand Dollar/Canadian Dollar
1) Daily: Price having a lot of long wick rejections at this area. This area has had rejections previously before.
2) Price has also touched monthly 50 EMA , this is a major zone.
3) @ 4hrs chart price is moving sideways
4) @1hrs chart Price has formed a bearish pattern towards the upper trendline line. Divergence at 1hr time frame chart
5) 15mins chart price has formed a double top with neckline break, 15mins EMA crossover, and price retesting the neckline.
6) Long wick candle rejection @15mins chart from 61.8% fib level.
7) Wait until price creates wave ABC between wave 1 & 2.

Entry can be made upon the completion off wave C with clear bearish candlestick pattern
A) TP towards 0:87150
B) SL: 30 pips

Just a quick short term trade
Order cancelled: Breakeven Hit. 0%


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