NZD/CAD Strong trend to the downside
Updated
Pretty sure a lot of traders were focusing on this monthly bull flag - continuation to the uspide for the longer term hold (blue circle) But price fall off of that and change direction to the downside...
As we can see we are in major ascending channel with falling wedge within it as middle section to push price towards that 3rd upper touch before big short, but lower bottom line on wedge before that is what i looking for.
I expecting this to continue to the downside to break major chanel as false breakout and to push upside from this minor falling wedge...
So on lower time frames we could get continuation trend "Sell" Entries..Probable
I will put screenshots in comments of all timeframes and how could we catch donwside moves , ofc if they happen.
As we can see we are in major ascending channel with falling wedge within it as middle section to push price towards that 3rd upper touch before big short, but lower bottom line on wedge before that is what i looking for.
I expecting this to continue to the downside to break major chanel as false breakout and to push upside from this minor falling wedge...
So on lower time frames we could get continuation trend "Sell" Entries..Probable
I will put screenshots in comments of all timeframes and how could we catch donwside moves , ofc if they happen.
Trade active
Weekly - we could see little pullback now before drop continuation, so short term longs could be possible for those who trade intra-dayDaily bear flag continuation:
4H bear flag within trend , something like runnin channel:
1H :
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