We have been in a tight range, from the price action on the charts it seems that sellers have entered into the market and now aiming for the move as suggested on the chart. Use this analysis to learn and understanding the price action.
Expecting more melt down, right now price is sitting at Monthly Support but expect the price to break it. We might see some retracement here before continuation downside best approach is to wait for LH to form and sell it with the over all trend!
After a successful 500 pips move on UJ short as indicated on the earlier setup now I see this on NZDCAD.
I have been waiting for this for 2 weeks and finally it has opened up. Sell at every LH formation the setup has a good potential downside.