jojofang0901

NZDCAD Higher Time Frame Reversal Pattern.

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OANDA:NZDCAD   NZD/CAD

Hello everyone:

Looking at NZDCAD here for bearish reversal opportunities.

We see price had several attempts to reverse from the top, but both times have not gain enough bearish momentum.

The latest price action may give us more confirmation development for the next sell.

We see a higher time frame Head and Shoulder in the making, and this right shoulder, looks very clean as a ascending channel, which is reversal in nature.

I would wait for the completion of the right shoulder correction, and look for LTF confirmation correction to get in the sell.

Thank you

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