FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Lower highs on daily are present as shown
Which indicates another move to the downside after this retracement to test weekly resistance..

Channel on lower time frame (4h) was broken, and if we see any retracement to the red line shown, personally I would look for entries (short) as this is a great trade overall with high risk to reward ratio and multiple factors taken into account such as , weekly structure, weekly resistance zone , channel broken on lower time frames, daily divergence, overbought .

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