NZDCAD: How to Catch Bearish Continuation
NZDCAD is trading within a falling parallel channel.
the price is stuck on 0.876 horizontal structure support and currently can't go lower.
however, with the sequence of lower highs, the price formed a descending triangle formation within the channel.
bearish violation of its horizontal support is a perfect signal to sell.
goal - 0.8735
in case of a bullish violation of the channel, setup will be invalid.
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