Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
NZDCAD, WHAT'S NEXT!
As we can see price is still overall bearish trading inside this falling channel,
However, price is still sitting around a strong support zone lining up with the lower bound of the falling channel acting as an over-sold zone.
Then we will be looking for new bullish correction movement.
Meanwhile, for the bulls to kick in from a shorter-term perspective, we need a break above the marked major swing high, then a movement higher would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.