NZDCAD - Possible Higher TF Downtrend continuation
NZDCAD has been on a downtrend for quite a while, we've seen some bumps lately but the overall trend is being respected so far.
We are making some sort of rising triangle which is usually, a bearish sign. Breaking under, we could see some agressive moves to the downside in the upcoming weeks.
Personally I'll be waiting for confirmation of the downtrend and then will enter with a smaller position than usual as this one is expected to stay open for quite a while.
What are your thoughts?
We are making some sort of rising triangle which is usually, a bearish sign. Breaking under, we could see some agressive moves to the downside in the upcoming weeks.
Personally I'll be waiting for confirmation of the downtrend and then will enter with a smaller position than usual as this one is expected to stay open for quite a while.
What are your thoughts?