moa_trading_journal

NZDCAD – Bearish continuation pattern to confirm the bearish mar

OANDA:NZDCAD   NZD/CAD
As per my analysis before,.. If you follow my analysis from the beginning, maybe you know I’m a long term bear on all this NZD pairs... So Far, this still looking good. NZDCAD has make its 1st impulsive move to the downside lat week. After that,.. I see a decrease in the momentum and i exitmy position at the bottom. After that this pairs continue to move sideways in range.

Now, I’m starting to see the bigger continuation pattern that this pair form,.. The best part is,.. this structure is almost complete and I’m expecting we’re seeing the continuation of the previous bearish move soon. I’m expecting this move to be bigger than before and will be a massive one.
As for the entry trigger,.. we will access in on the way but of course, the higher probability trade is to enter after the break of any continuation pattern..

Lets see how will this pair develop,.. Good Luck

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Here is the MOA FX technical analysis, please comment below if you have any question.

The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.

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