NZDCAD IS LOOKING BEARY GOOD

٢٣ أغسطس ٢٠٢٢

Ladies and gentlemen, I broke this down last weekend anticipating more bearish moves and price actually dropped 100+ pips. For education ofc I broke down how I saw structure on the Weekly which was the clearest for me. I saw Daily opportunity given the previous rejection from 0.82500 zone off HTF where price formed a bearish engulfing variation. Down to the 4H price retested the impulsive breakout candle before dropping into a 4H funk or range in which I broke down to find clues for the next move. I had to drop down to the 1H in order to see a break of support along with the retest of a bearish OB resistance around 0.81325. Price never looked back so 30min and the 15 were the best bet. Currently price is seen sideways looking a bit triple toppish. Is the descend done or will we see .80000? Monthly is winking at me but we shall see. Happy Trading!