NZDCAD Uptrend Exhausting?

NZDCAD was a trade we took to the upside and hit our upside target.

From here, we talked about watching for a potential trend reversal, and we are very likely getting this now.

The uptrend with higher lows and higher highs is now exhausting. 0.8635 is the higher low we are working with and are awaiting the break and close below.

You can see we expect a lower bounce pattern here or some sort of head and shoulders pattern. This will confirm our first lower high with the lower low that would be made with the break and close.

Another confluence of course is where price reversed, was a big flip zone.

Watching for the break and close and we will then enter, with our target being 0.8560.