NZDCAD: Bearish scenarios...! (Details on caption)

7 มิ.ย. 2024

By checking the hourly NZDCAD chart we can figure out that the bearish scenario is high probability.
the price cleared the liquidity above the daily candle and then shifted the market structure and also had a bearish reaction to the bearish order block.

Now, we can see the sell side liquidity which formed as equal lows, trend line liquidity, and daily FVG which can be our last target.

For seeing this bearish move I can expect two scenarios that you can see on the chart.

First, the price can move down from here.

second, because of the clean buy-side liquidity we can expect the price to sweep the liquidity first and then move down. (I prefer to follow this scenario)

As always we need LTF confirmation for entry.




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🔎 DYOR
🗓️07/06/2024
💡Wait for the update!

7 มิ.ย. 2024

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

The price hit TP.

More than 40 Pips.

I hope you use this TA.

Cheers 🥂