NZDCAD Weekly Outlook 🔍📉
After a clean CHoCH, price has continued forming lower highs and lower lows, confirming the bearish trend. We've now had multiple BOS, and price is respecting supply zones.
The chart shows a strong potential for a further drop, especially if the current structure fails to hold. Expecting price to continue down to the next major demand zone marked on the chart.
Bias: Bearish
Plan: Watching for a pullback into supply, then continuation to the downside.
This is a classic example of structure leading direction. Stay patient, wait for confirmations. 📊
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You can also say:
"Smart money never rushes. Structure first, entry second. Let’s see how NZDCAD plays out."
After a clean CHoCH, price has continued forming lower highs and lower lows, confirming the bearish trend. We've now had multiple BOS, and price is respecting supply zones.
The chart shows a strong potential for a further drop, especially if the current structure fails to hold. Expecting price to continue down to the next major demand zone marked on the chart.
Bias: Bearish
Plan: Watching for a pullback into supply, then continuation to the downside.
This is a classic example of structure leading direction. Stay patient, wait for confirmations. 📊
---
You can also say:
"Smart money never rushes. Structure first, entry second. Let’s see how NZDCAD plays out."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.