Long term Lookout for NZDCAD
Clean downward channel forms. We do have a lot of wick rejections through 0.87000 on the daily.
Case 1- We are expecting a break in counter trend with a good or strong bearish candle or confirmation. Once there is a break in trend and price breaking through 0.86000. We will be looking for long term shorts.
Case 2- An inverted head a shoulder is being formed. A broken neckline will mean a change in trend because it would be breaking out of the downward channel.
* * Expect and consider everything.
Case 1- We are expecting a break in counter trend with a good or strong bearish candle or confirmation. Once there is a break in trend and price breaking through 0.86000. We will be looking for long term shorts.
Case 2- An inverted head a shoulder is being formed. A broken neckline will mean a change in trend because it would be breaking out of the downward channel.
* * Expect and consider everything.