NZDCAD: How to Catch Bearish Continuation

8 thg 9, 2020

NZDCAD is trading within a falling parallel channel.
the price is stuck on 0.876 horizontal structure support and currently can't go lower.

however, with the sequence of lower highs, the price formed a descending triangle formation within the channel.
bearish violation of its horizontal support is a perfect signal to sell.

goal - 0.8735

in case of a bullish violation of the channel, setup will be invalid.