The reaction of the NZDCAD for few months now as shown that NZDCAD is on a long term bearish move and it’ll still continue for some months. The current shows that the structure is on the best entry opportunity for entry or change in structure to the upward. But, the probability of sell to change in structure to the uptrend is 60/40. Sell as the higher probability because the market as been on downtrend for a very long term. So, it is best advisable to follow the trend and not against the trend. If there’s a change in structure, there’ll surely be an entry opportunity again for the buy.
In conclusion, I’ll advice traders to sell from the mid threshold or the order block up there.
In conclusion, I’ll advice traders to sell from the mid threshold or the order block up there.