MY VIEW ON NZD/CAD
NZD/CAD has currently dipped into the daily bearish mitigation block.
On lower timeframes, we see the formation of the double tops before price took out the low on 0.85489, I considered the bearish OB on the second top because after that, there's a BOS.
The overall directional bias is bearish... Institutional order flow is bearish. So, I strongly believe this trade will hold if market makers want to continue with the bearish order flow.
Disclaimer: This is just my view of price action... This isn't a financial advice! Do well to do your own confirmation!
On lower timeframes, we see the formation of the double tops before price took out the low on 0.85489, I considered the bearish OB on the second top because after that, there's a BOS.
The overall directional bias is bearish... Institutional order flow is bearish. So, I strongly believe this trade will hold if market makers want to continue with the bearish order flow.
Disclaimer: This is just my view of price action... This isn't a financial advice! Do well to do your own confirmation!
Disclaimer
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