jojofang0901

NZDCAD look for bearish price action to repeat

Short
OANDA:NZDCAD   NZD/CAD

Hi traders:

Looking at NZDCAD for the same bearish sell move like the previous price action.

We can see the same ascending channel structure, correcting the price up.

Latest price shows that LTF reversal structure, and a bearish impulse down.

Now the price is sitting at the bottom the channel, I would wait for a breakout follow by a continuation correction to look for sell.

Thank you
Comment:
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Comments

nice one, we will see how it goes!
+1 Reply
@abel11 yes indeed thank you
Reply
AUDCAD and NZDCAD both forming the exact same setup
+1 Reply
jojofang0901 TheSignalyst
@TheSignalyst true that :)
Reply
LTF stands for Lower timeframe? 🦐
+1 Reply
jojofang0901 plancton0618
@plancton0618 yes it does sir
Reply
Excellent point
Reply
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