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TB305

SHORT ON NZD/CAD

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New Zealand Dollar / Canadian Dollar (FOREXCOM:NZDCAD)  
TB305  
FOREXCOM:NZDCAD   New Zealand Dollar / Canadian Dollar
Trend Analysis Wedge Support and Resistance NZDCAD nzdcadshort short SELL selling Falling Wedge
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trendanalysis wedgepattern supportandresistance nzdcad nzdcadshort short sell selling fallingwedge
Price has broken a support level and created a downward wedge pattern.

This by default is a bullish reversal pattern.

However price is still below the 8 and 50 period moving average. Along with a Long wick rejecting sellers at the old support now resistance zone.

I will be taking this trade short for a good amount of pips.
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