NZDCAD: Preparation for another downside move

As you can see in the posted chart, the pair will eventually goes down after the completion of triangle pattern (3-3-3-3-3).

The blue box indicates the next target level of last movement of (e) wave.
This analysis is just one possibility of many scenario, but for me, it is the most anticipated and preferable scenario. Let's see how it will be played out.

Bình luận:

The Triangle wave should have completed, i'm already had several open short positions in my trade... hopefully it will reach 0.86008 soon.

Bình luận:

Okay it breaks the resistance level of 0.86000, as expected, hopefully it continue to go downhill....