I think my painting is self explaininmg.
Watch Price doing at Trendlines (green Eclipse) and follw the Arrows.
Price is in downtrend channel at the Moment.
But bigger Timeframe uptrend is still active (orange line).
So watch and react to it.
Another diowntrend in this Price pair.
I expect Price to fall down. Watch at trendchannel line (eclipse) cause of Little support area there.
If it falls through we can expect a move down to the last lowest spot (blue line)
Price has an actually downtrend, but is at a support area Right now.
Watch how it will go on from here. If it fall down through the area it will go far more down to 1.05
If it goes back up, watch Trendline area at go Long if it breaks through that. We can expect a Price move to 1.08 than.
Hey Guys, we are in a Trendchannel at this pair.
15 min Trendline has been broken (orange). 1 h Trendline still active (green).
I will short this one from here and will tighten my SL to entry Point as soon as possible.
Watch Price Action at green Trendline for even more short possability.
We have a seen a great HS Pattern forming at the end of last week with an ending under the neckline.
Usually we would get a restest of the neckline...but the last up move could have already been this.
Lets watch Price moving first before entering...but Overall Price should fall far more down.
My second publish is a short.
NZDCAD rebounded at the green area again an reacted good for a short entry.
But perhaps we should wait for area at the upwards trendline (painted pink).
If it breaks through... It could fall all the way down.