Trade Idea: Selling NZDCAD Reasoning: Selling into downtrend resistance on the daily chart Entry Level: 0.84659 Take Profit Level: 0.8406 Stop Loss: 0.8496 Risk/Reward: 2/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Trade Idea: Selling NZDCAD Reasoning: Fading NZDCAD Entry Level: 0.7747 Take Profit Level: 0.7625 Stop Loss: 0.7767 Risk/Reward: 5.82:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all...
Trade Idea: Selling NZDCAD Reasoning: Filled the overnight gap at likely to head lower Entry Level: 0.8016 Take Profit Level: 0.7962 Stop Loss: 0.8031 Risk/Reward: 3.67:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
NZDCAD Cup & Handle pattern.... Brewing nicely! I took long earlier this week, let's see how well this goes.. Disclaimer: Not Investment Advice TJ
Technical View of NZDCAD: NZDCAD - 1 HR Pattern: H&S - longer term developing, Wedge - short term Support: 0.89615, 0.89475, 0.89370, 0.89155, 0.88685 Resistance: 0.89940, 0.90105, 0.90175 How to trade this idea: Once out of short term wedge, you could trade the pull back and trade it to next support area or resistance - to whatever direction it goes...
While a number of technicals point to a bit of an upside trend, this should be limited by short-term resistance followed by a correction back to the long two-year channel that has formed. Daily FX's Nick Cawley called this the trade of the year to short this pair. So far its not panning out. For more, check out www.anthonylaurence.wordpress.com