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jojofang0901

NZDCAD broke out of structure, look for continuation now

Short
NZD/CAD (OANDA:NZDCAD)  
jojofang0901 Mis à jour   
OANDA:NZDCAD   NZD/CAD
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction FLAG Wedge
20
2
chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction flag wedgepattern

Hi everyone:

NZDCAD has finally broke down from this long term ascending channel structure that I have been patiently waiting for.

We know that when price is corrective, the price likely to move up and down for a period of time. This first bearish impulse can be the start of the next bearish trend.

I would now wait for a clean, LTF continuation correction to form here and look for the sell entry down to the lows.

Thank you
Commentaire:
Look for more LTF corrections to get in :)
snapshot
Commentaire:
Continuation correctional structure, looking for further downside.
snapshot
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