NZDCAD Watch for Bearish Price Action to sell
Updated
Hi traders:
Also eyeing NZDCAD's bearish price action to confirm the downside move.
Here we can see after the strong bearish impulse down from the top, price begin its consolidations.
We can see a clear parallel channel forming, with a few swing highs and lows.
Latest price also give us a potential double tops, lower time frame ascending channel to the top of current structure.
Wait for the reversal bearish impulse to push down the price, follow by bearish continuation correction on the lower time frame before entry.
If price does not develop the bearish scenario above, then no entry, no trade, move on to other opportunity.
Thank you
Comment
Higher Time Frame:Comment
price pushed down a bit but no bearish continuation correction
formed, no entry here
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