NZDCAD Still looking for the structure breakout confirmation

1 août 2020

Hello everyone:

Still eyeing NZDCAD for more sell continuations from the top.

I have been looking at the price every time when it is at the top, looking for sell opportunities.

The most recent price action shows a potential completion of the larger channel structure, and a strong bearish impulse down.

Now the price is just sitting above the bottom of the channel, I would want to see confirmation from the market. Either a correction here before the sell, or a breakout follow by continuation to go lower.

Thank you

1 août 2020

Note

3 août 2020

Note

Correction finished within the channel, price broke out. Look for more scale in entries down.