NZDCAD update - reversal possibility

Morning Dynamic Traders

I mentioned this pair last week as we have the H&S chart pattern. Since then price has done a pullback and attempted a retest of the neckline. Price is at a critical point now. It's hugging the S/R line and seems to be deciding it's course of action. The intimidating VI is creeping up slowly and inevitably price will react one way or another once they meet. With the H&S, ST now forming a false bar at the bottom and other confluences mentioned last week, a possible reversal could take place.
















To enter on a reversal I'm awaiting a BOB of the VI and next support as this is likely to minimise the chances of any FBO's. Price could also fail the H&S pattern and return to it's uptrend. Patience and confirmation is what's needed now for either trade.

Great trading!
Sonia Molina