Update on NZDCAD
good day boys and girls. Previously on my NZDCAD analysis i state that price broke out of our descending structure and we were looking to enter on a buy if it gave us a flag on either the 1HR or 15M timeframe. Instead price failed to do that and we saw a strong impusive sell on NZDCAD .
I am still bullish on NZDCAD ,even though we did not get that correction ,price is still inside our descending channel ,our structure has evolved to a descending channel as we do not marry our analysis but evolved with the market.
I am currently looking for a strong bullish reversal from where price is now which is the third touch on the descending channel followed by a continuation correction on the 15M timeframe and a buy entry on break of correction.
I am still bullish on NZDCAD ,even though we did not get that correction ,price is still inside our descending channel ,our structure has evolved to a descending channel as we do not marry our analysis but evolved with the market.
I am currently looking for a strong bullish reversal from where price is now which is the third touch on the descending channel followed by a continuation correction on the 15M timeframe and a buy entry on break of correction.
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