After topping out last December. Price seems to be making a series of lower highs labeled 1-2, (i) - (ii). Price is expected to resume the downtrend from or near the current level. The breach of the green line or a break out of the flag channel will confirm the bearish trend is still intact.
Hi traders,
NZDCAD looks like a great long opportunity. Keep an eye on this one during the week for the right time to buy in accordance with your trading rules.
With price still in the range, it's wise to consider your options: You can buy aggressively in structure in hopes of a breakout to the upside and a new impulse leg. Alternatively, you can watch for a...
