NZDCAD Watch For Bullish Price Action
Looks like NZDCAD could potentially develop into the next bullish up move on the LTF
A while ago price had a very strong bullish impulsive up move, after price started correcting. Price formed into a HTF descending structure.
Now on the LTF we see price create a smaller descending channel, within the larger structure.
This is a sign that shows multi-timeframes are in fact in bullish favor
Right now price has already pushed up.
It's now time to wait if this LTF correction finishes and impulses out
Alternatively price can make one more down move to the bottom of the HTF correction before it makes an up move
A while ago price had a very strong bullish impulsive up move, after price started correcting. Price formed into a HTF descending structure.
Now on the LTF we see price create a smaller descending channel, within the larger structure.
This is a sign that shows multi-timeframes are in fact in bullish favor
Right now price has already pushed up.
It's now time to wait if this LTF correction finishes and impulses out
Alternatively price can make one more down move to the bottom of the HTF correction before it makes an up move
