nzdcad looking bearish
Updated
here we can see that price is currently moving in a descending channel where a triangle pattern has formed inside the channel which signals a continuation of the potential bearish move to the downside to the channel support.And so we could probably see some bearish momentum further to the daily support zone.
we see a clean strong breakout of price from the triangle pattern so we are looking to go short on this pair or we could simply switch to lower timeframe and patiently wait for a bearish correction back to the triangle support to confirm bullish exhaustion then wait for a trigger signal to go short (that's if you want to be more conservative). Thank you
PS; this is just a market perspective and there's no actual certainty.Trade at your own risk.
we see a clean strong breakout of price from the triangle pattern so we are looking to go short on this pair or we could simply switch to lower timeframe and patiently wait for a bearish correction back to the triangle support to confirm bullish exhaustion then wait for a trigger signal to go short (that's if you want to be more conservative). Thank you
PS; this is just a market perspective and there's no actual certainty.Trade at your own risk.
Trade active
Trade closed: target reached
Target hit!!
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