Looking at 
NZDCAD from the 4HTF we see how price tested the zone at 0.83780, Price approach it In a corrective manner showing the low momentum in bulls power.
The zone at price 0.83780 holds, resulting to a double Top pattern.
And at 0.83573 also we can see how price react to it, moving out of this area with high momentum.
Currently the pair is building up for a continuation move as we can see it's forming a pattern to move downward.
Having this in mind I will be preparing myself to enter at the top of the flag pattern provided there's an entry signal.
If you found this helpful please support your fellow trader with a like
NZDCAD from the 4HTF we see how price tested the zone at 0.83780, Price approach it In a corrective manner showing the low momentum in bulls power. The zone at price 0.83780 holds, resulting to a double Top pattern.
And at 0.83573 also we can see how price react to it, moving out of this area with high momentum.
Currently the pair is building up for a continuation move as we can see it's forming a pattern to move downward.
Having this in mind I will be preparing myself to enter at the top of the flag pattern provided there's an entry signal.
If you found this helpful please support your fellow trader with a like
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.