NZDCAD seems to have given us all it could give. It hit our 30pip TP at the top of this downtrend line and now it has rejected the 4H downtrend line instead of breaking like we thought it could. Now it seems to be giving us a sideways head & shoulders pattern signaling a reversal to the downside. Additionally the structure that price is currently struggling to surpass is being rejected and directing price toward the downside. Setting up for sell limits around this structural area to hopefully be entered into a solid 3:1 trade for 30 pips and maybe more depending on momentum. No NZD or CAD news the rest of this week, although there is some AUD news which could have some affect on the NZD. Let’s see how this plays out.



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