NZDCAD Still looking for the structure breakout confirmation
Updated
Hello everyone:
Still eyeing NZDCAD for more sell continuations from the top.
I have been looking at the price every time when it is at the top, looking for sell opportunities.
The most recent price action shows a potential completion of the larger channel structure, and a strong bearish impulse down.
Now the price is just sitting above the bottom of the channel, I would want to see confirmation from the market. Either a correction here before the sell, or a breakout follow by continuation to go lower.
Thank you
Note
Note
Correction finished within the channel, price broke out. Look for more scale in entries down.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.