Hello traders:
Also looking at NZDCAD for the potential upside move.
WE can see price has formed a larger descending structure, correcting the price down.
Latest development has also formed a lower time frame descending channel for potential bullish reversal price action.
What we can wait for is price to commit to the upside, with a lower time frame impulse phase,
pushing out of the descending channel, then wait for confirmation of a bullish continuation correction for the buys.
if price does indeed impulse higher and out of the larger, higher time frame descending structure,
then look for further continuation correction for more upside.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.