Short

NZDCAD Watching for impulse and expecting it breakdown

Updated

Hi fellows. i am expecting breakdown of this up trend. If sharp impulse appear on lower time frame then look for sell. in case price break up and change the pattern and structure then i will look for change in pattern and structure.

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Nice impulse is forming on lower time frame. Watching break down of small bullish trend line. If impulse become sharper than join that impulse. If you are precautionary trader than wait for trend continuation pattern after impulse than join that short setup. I hope you understand how to take this trade.

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This pair is doing well. If you are not in wait for trend continuation pattern. In case price do not form trend continuation price and form trend reversal pattern then we will look for further price push and again will look for short from top. So far price is doing well and i am expecting bearish trend continuation.

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If not in look for this formation.

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Price is about to hit the target keep your eyes on it for price action if price stay on the channel line and form reversal pattern then we will look for reversal and if form trend continuation pattern then we will look for further downside good luck fellows.

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This pair playing amazingly and if price forms a corrective trend continuation pattern then we will look for further sell.

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Wave-Trader

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