Downtrend in NZDCAD
The downtrend starts on February 25 and we have already seen a nice down movement.
We are now considering a new sell opportunity.
Yesterday the price reached 0.8835 - this is 38.2 of the fibonacci of the last decline.
We are currently seeing repulsion. This allows for a drop to 0.8750. The next level is 0.8700.
We are now considering a new sell opportunity.
Yesterday the price reached 0.8835 - this is 38.2 of the fibonacci of the last decline.
We are currently seeing repulsion. This allows for a drop to 0.8750. The next level is 0.8700.
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💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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