NZDCADClean short idea on NZDCAD, as you can see there are 2 selling points marked up in the chart.
We are taking both opportunities as the price continues to be bearish.
NC
NZDCHF LongAnalysis done on the daily TF. Clear channel identified here, i'm hoping to hold some trades from the bottom of it to the top into the middle pink zone. I did attempt to long NC earlier this week, but it wasn't quite ready for it. I attempted to long it today but i got stopped out due to CHF strength. However, now we've reached the bottom of the channel and a S&D zone, so i'll be giving NC a final chance this week.
I'm also shorting CHFJPY so both trades should run nicely if CHF sees a correction.
I'll be looking for confirmation to enter, updates to follow.
NZDCAD Swing sell DailyThe cleanest setup I have seen in a while. Wish I saw this from the end of the diagonal lol
NC Long (CAUTION)This is an extremely volatile stock that has previously been suspended for months whilst under the investigation of Canadian regulatory agencies (April to August of 2018). I think it goes without saying that this is some kind of manipulated pump-and-dump shell company given its horrid fundamentals. With that said, this stock could potentially be gearing up for a rapacious move to the upside that will be measuring along with its previous jumps. NC is currently coming off support while at the same time locked in a bullish falling wedge on positive divergences. We still need more follow through to show we are in a new phase of serious upward momentum, such as breaking through 0.635 and out of the wedge pattern. With that said, if you were to go long now, a recommended stop would be at 0.46. Make sure to use a very small position size for this one - things can get rocky.
NZDCAD Buy H2NZDCAD Buy setup
1. Retest of head and shoulder
2. Wait on H1 break and retest of falling wedge
3. SL under the right shoulder
NZDCAD en Largo
Posible formación de patrón armónico
A la baja para posible llegar al nivel 61.8% y luego ir en compra
MACD en nivel inferior para cambio de dirección a tendencia alcista
RSI y STOCH en nivel de sobre venta
NZDCAD long term potential hereRed rectangle is confluence, price should appeal to buyers there.
On successful bounce, watch out for the pullback to support line of the major/primary channel.
NZDCAD - SHORT @ Strong Resistance ZonePrice has now approached a strong resistance zone and is showing signs of stalling and i see the short opportunity here. I have entered according to the 4hr charts but will wait for the blue diagonal support line to be broken to add more positions.
1. Strong Resistance
2. RSI divergence
3. MACD4C divergence
4. 10 MA crossover
TP1 @ 250 pips
TP2 @ 450 pips
SL Slightly above resistance
NZDCAD TO 0.89002NZDCAD - it's been a struggle for NZD to rise but yet I am still holding my long :) I decided to post all my trades today, 'am not sure why :)
Happy trading!
Dr.
