Overall trend is to the downside from the higher timeframe structure. Dropping down to the one hour, price has broken it's ascending channel with the flag pattern and is making its way to the downside. Looking at it possibly popping up slightly to my ray line before taking a short entry. If it goes without coming back up then so be it, let it go.
NZDCAD - Daily Fib - Psych - Major Support (NZDUSD Psych) (USDCAD broken out of range and has been in a long downtrend). Looking for NZDUSD to form a W before entering - also waiting for retest on NZDCAD of 0.88