NZDCAD short term sell setup

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
4427 39 72
I am expecting breakdown of this corrective trend continuation flag sell on clear breakdown of this flag. In case flag do not breakdown then i will look for sell near trend line . If price break above the bearish trend line then idea will be invalidated.
Comment: If not in look for sell if price retest flag broken area.
Comment: So far price moving nicely. If price changes its pattern formation and forms any other pattern then i will not look for that particular pattern. If price start correction again and forms again trend continuation pattern like flag then i will look for sell again but i will look for sell near trend line only. Here is the update.

Comment: Price still in structure. I am expecting bearish wave. setup still intact.
Comment: Expecting bearish wave continuation.
Comment: structure changed Little bit but still in force.
Thanks bro...

Any plans on usdzar??
Great analysis! I too have been short this pair since 9725 for a swing trade. I hope to be out of it when oil tops out. Coupling fundamentals and technical on this trade plan. One day I'll learn wave analysis, keep up the great work.
thank you for your great insights and resourceful explanations. About your last comment what do you mean by price still in structure? It clearly broke the longest trendline (down slope) Im a bit confused..

best pips to all
we dont trade on trend lines man we trade on patterns
zunkco Wave-Trader
I see thanks man.. if the price exceeds 0,9525( last lowerhigh) , will the price still be in the structure?

trend line has no value ya lines just tell use patterns man.
hello man,
how are you?
what about this one ?
tradermannn tradermannn
tradermannn tradermannn
and this ?
Hey wave-trader thanks for the post! i was able to sell this correction at the top 0.94. I was just wondering if your still holding your postion or have u taken profit.
+1 Reply
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