Wave-Trader

NZDCAD short term sell setup

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Wave-Trader Atualizado   
FX:NZDCAD   New Zealand Dollar/Canadian Dollar
I am expecting breakdown of this corrective trend continuation flag sell on clear breakdown of this flag. In case flag do not breakdown then i will look for sell near trend line. If price break above the bearish trend line then idea will be invalidated.
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If not in look for sell if price retest flag broken area.
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So far price moving nicely. If price changes its pattern formation and forms any other pattern then i will not look for that particular pattern. If price start correction again and forms again trend continuation pattern like flag then i will look for sell again but i will look for sell near trend line only. Here is the update.

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Price still in structure. I am expecting bearish wave. setup still intact.
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Expecting bearish wave continuation.
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structure changed Little bit but still in force.

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