Looks like NZDCAD could potentially develop into the next bullish up move on the lower time frame.
From the previous, impulsive phase on the higher time frame, price begin to form into a larger consolidation, correcting the price.
With a few swing highs and lows, we see price finally create a smaller descending channel within the larger correction.
This is a good sign to show multi-time frames are in a bullsh favor.
Currently price has already push up, so wait for this current correction to complete to confirm the nex up side is ideal.
Alternatively, price can just make one more short move down to to bottom of the higher time frame correction before the next up move.
Note
Note
Price indeed is pusher higher, close to the top of structure. Best to wait for confirmed breakout follow by correction to enter more.
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.
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.