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NZDCAD - descending channel

Short
New Zealand Dollar / Canadian Dollar (FOREXCOM:NZDCAD)  
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FOREXCOM:NZDCAD   New Zealand Dollar / Canadian Dollar
Support and Resistance Trend Lines Parallel Channel shortsetup Forex tradingsignals tradingstrategies NZDCAD nzdcadshort shorttrade forexnews Contains image
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supportandresistance trendline parallelchannel shortsetup forex tradingsignals tradingstrategies nzdcad nzdcadshort shorttrade forexnews containsimage
The price is moving in a descending channel and has reached the top of the channel and a strong horizontal resistance. From there, it is expected to move towards lower support levels.

1W:
snapshot

1D:
snapshot

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Trade active:
The price broke the ascending trendline and formed a double top.
snapshot
Trade closed: target reached

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