NZD/CAD Breakout Confirmed by ThinkingAntsOk
🔸 4H CHART EXPLANATION:
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🔸 Price was facing the Resistance Zone and we were waiting for a definition.
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🔸 Now, we can see that price left some strong bearish rejections at the zone, and the Ascending Trendline of the movement has been broken.
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🔸 It has potential to make a downside move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸 Price was facing the Resistance Zone and we were waiting for a definition.
.
🔸 Now, we can see that price left some strong bearish rejections at the zone, and the Ascending Trendline of the movement has been broken.
.
🔸 It has potential to make a downside move towards the Support Zone.
.
🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
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