Short NZDCAD: 2 Bearish Wolfe Waves w/ Trend

2 de out. de 2015

NZDCAD has formed a second bearish Wolfe Wave for even further confirmation of bearish bias. A 14 month downtrend precedes the setup, an indication of more upcoming bearish price action. NFP tomorrow will create some volatility in the market, so look for this to be a catalyst to initiate the movement. TP is taken near the 1-4 profit line or around the price territory of the wave 2 terminus.

Thanks for viewing and don't forget to take a second to click the thumbs up button and follow for future updates and trade ideas!