Looking for a short trade from the break of the continuation pattern to the downside for the final leg before looking for a buy set up. Still a healthy move to the downside coming from an very impulsive move. Ideally a touch of the trend line then break would see completion.
AUDCAD in terms of a weekly perspective is trading within a flat. Smaller time frames see's us currently on 'D' of the correction, waiting for solid confirmation of Impulse to the downside to complete once hitting the top. Break above will invalid this idea. Happy trading
As we can see NZDJPY has reached an area of interest, currently breaking impulsively the trend line. Now awaiting to see a continuation pattern to get involved in the trade to the downside with two possible TP targets. Indicators across larger time frames confirming the decline.
There is good potential here for this trade to head lower having tested the downward trend-line, currently trading within a larger descending wedge. Opportunity also provides for a buy, however my interest is to the downside.