NZD/CAD Trend Reversal

20 Mar

A "higher low, lower low" pattern typically indicates a potential trend reversal from an uptrend to a downtrend. However, if we're considering converting it into a "higher high" pattern, it would involve looking for signs of a potential continuation of the uptrend.

In such a scenario, after observing the "higher low, lower low" pattern, traders would watch for the formation of a new high that surpasses the previous high. This would suggest a return of bullish momentum and a potential continuation of the uptrend.

So, in summary, converting the "higher low, lower low" pattern to a "higher high" pattern involves waiting for the market to form a new high that exceeds the previous high, signaling a potential continuation of the uptrend.