NZDCAD Still looking for the structure breakout confirmation

Aug 1, 2020

Hello everyone:

Still eyeing NZDCAD for more sell continuations from the top.

I have been looking at the price every time when it is at the top, looking for sell opportunities.

The most recent price action shows a potential completion of the larger channel structure, and a strong bearish impulse down.

Now the price is just sitting above the bottom of the channel, I would want to see confirmation from the market. Either a correction here before the sell, or a breakout follow by continuation to go lower.

Thank you

Aug 1, 2020

Note

Aug 3, 2020

Note

Correction finished within the channel, price broke out. Look for more scale in entries down.