NZD/CAD Trade Idea

Hello and welcome to my Trade Idea of the currency pair NZD/CAD.

Lets start with the Top Down Analysis.


Monthly: The monthly timeframe is in a strong downtrend.


Weekly: The weekly timeframe shows a nice bearish trend.


Daily: Daily is bearish too.


H4: On the H4 timeframe we draw the pennant pattern and wait for a breakout.


Have a nice day.