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NZDCAD - Descending Channel - Nairaland / General - Nairaland

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NZDCAD - Descending Channel by bluebellfx: 3:33pm On Mar 30
Here is another opportunity from NZDCAD for traders as it has been bouncing between support and resistance and forming a Descending Channel on the weekly and Daily timeframe....
Currently, the pair is dancing in a horizontal channel on the 4hr timeframe.
Watching this pair to see if BUYERS can push it to a breakout or SELLERS will make it continue in the channel.
Descending channel is a continuation pattern so the over all target is a breakout to the upside... As traders, we have to follow the market rather than force it therefore, after the breakout from the Horizontal Channel, trade setup can be ready for entry...

*Please note that bluebellfx is not an online investment platform, it is only meant for professional market analysis and educational purpose*

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