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jojofang0901

NZDCAD Watch for bearish price action for sell

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NZD/CAD (OANDA:NZDCAD)  
jojofang0901 Uppdaterad   
OANDA:NZDCAD   NZD/CAD
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hi everyone:

Similar approach like NZDUSD, as price is forming this ascending channel to the double tops area.

We can see price had a fake breakout of the previous highs, but quickly reverse back down very impulsively.

This is a good indication the bullish momentum may be exhausted, and we can expect bearish continuation corrections to form and push back the price down to the lows.

Thank you
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