On the daily chart of NZDCAD, a bearish divergent bar was formed. Looking at the subwave structure of the latest global wave there was a completed 5 wave structure, which makes the signal more promising with the target in ABC zigzag. Going short if the price breaks the low level of the signal bar.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.