"NZDCAD: the last impulse of the down move?" by ThinkingAntsOk
4H CHART EXPLANATION:
- In Weekly Terms, we observe a lateralization in this instrument since 2014.
- In April 19', it started its down move towards the level in which it is now.
- Price is on an a Descending Channel.
- It is currently on a Bearish Corrective Structure. If it breaks it at 0,85, it has potential to move down towards the Support Zone at 0,837.
- After this, we expect price to move up.
Check out our Weekly and Daily Vision, that support our short idea!
Weekly Vision:
Daily Vision:
- In Weekly Terms, we observe a lateralization in this instrument since 2014.
- In April 19', it started its down move towards the level in which it is now.
- Price is on an a Descending Channel.
- It is currently on a Bearish Corrective Structure. If it breaks it at 0,85, it has potential to move down towards the Support Zone at 0,837.
- After this, we expect price to move up.
Check out our Weekly and Daily Vision, that support our short idea!
Weekly Vision:
Daily Vision: