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NZDCAD Price Action

Short
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Price action for NZDCAD is showing a very clear sign that price may be coming down. Higher Time Frames show price is in an ascending structure, and we have broke out of this bigger structure in a smaller ascending 1-2-3 structure. If you pay attention to the smaller time frames you could clearly see price is reaching this smaller structure's third touch in a consolidated manner. Stacking these multiple confluences, you could look for clear possible shorts near any third touch rejections, or take a short play on price's first impulse + Continuation Flag
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