NZD/CAD Will it make the retracement now?Monthly:
In monthly time frame the price is over extended. Also, there is an extended M formation, and the price created an imbalance where I expect to set my take profit to the imbalance area. We could definitely expect a move to the upside.
Weekly: The price is overextended so we could definitely expect the correction to the upside. The price is in confluence with the higher time frame. We could definitely expect a move to the upside.
Daily: There is an impulse correction pattern. The price is in confluence with the higher time frame. We could definitely expect a move to the upside.
All the confluence are in our side. The situation here is clear the movement to the upside is most likely to happen.
