Hi guys, hope you're having a good weekend.
The pair NZDCAD looks as though it will have downside for the longer term future. After price broke sideway structure at a historical horizontal resistance zone, price is clearly effected by it still, and a breakout of the only up trend indicator has now, failed.
Expecting downside for a while, will be very easy to get good entries for trading on the daily and 240, of which I will update of the daily chart if enough people like this post.
Enjoy,
Best,
Tom
The pair NZDCAD looks as though it will have downside for the longer term future. After price broke sideway structure at a historical horizontal resistance zone, price is clearly effected by it still, and a breakout of the only up trend indicator has now, failed.
Expecting downside for a while, will be very easy to get good entries for trading on the daily and 240, of which I will update of the daily chart if enough people like this post.
Enjoy,
Best,
Tom
