cupofconfidence

NZDCAD: SELL (long-term)

Short
OANDA:NZDCAD   NZD/CAD
Off of the Daily (D1) time frame, we can see that it is likely for a Head & Shoulders formation to complete on this pair. Now, zooming into the Four-Hour (H4) time frame Horizontal line drawn at 0.91232 is right at the Weekly and Monthly Pivot Point. If price breaks above this line, then we can expect Bears to enter for a weekly sell at 0.91439. Bears can Take Profit (EXIT) at 0.89544 for the month.
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