NZDCAD: Sell Opportunity

2019-12-14 16:28:48

1.Weekly chart
Type of complex Head & Shoulder and it looks that the biggest trade is to downside.
On the previous two wave price retraced perfectly at 78.6% and reversed back so exist the possibility for a move up to 78.6% again that corresponds to 0.9056 price.

2.Daily chart
For the time being price tested a strong resistance zone and reacted inside it but anyway exist the possibility that price can continue up to 0.8750-0.8775 before reversing back to downside.

3. 240 min chart
We can see for price to move down to 0.8550 - 0.8430 price zone.

RSI in overbought conditions.