NZDCAD Bottom of price action, watch for buy again

4 May 2022

Hello traders

NZDCAD once again has hit the previous lows and start to form bullish reversal price action.

From the previous forecast/analysis, price had the impulse up but did not break above the descending structure to continue.

All that mean was price wasnt ready for the upside yet as we are still in the larger descending structure.

But now price has made its way back to the bottom, and hitting the bottom of structure, potential double bottoms.

Latest lower time frame did form reversal price action, so be good idea to wait for
bullish continuation correction to form and complete, in order to confirm the bullish upside.

Thank you

5 May 2022

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