NZD/CAD Long Term Bearish Analysis🔸 WEEKLY CHART EXPLANATION:
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🔸As we can observe, this pair has been on a downtrend since 2017.
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🔸It has recently retested the Descending Trendline, and left some strong bearish candles.
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🔸Each time price touched this trendline, it did a downside move, so, we expect the same now. We consider that this pair has potential to make a downside move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
Nzd-cad
NZD/CAD Waiting for a Downside Movement🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Daily Resistance Zone.
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🔸It has broken the main Ascending Channel.
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🔸Also, the first structure after the breakout has been broken, and now it is consolidating again.
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🔸 If the current structure is broken to the downside with a nice movement, then we consider that it has potential to reach the Support Zone.
🔸WEEKLY CHART ANALYSIS:
I think I spotted an early head and shoulders pattern at NZD/CADHello guys and girls,
hier is my idea,
I think for all of you who are familiar with the head and shoulders pattern,
you know how to read my drawings on this chart. I'am already short on this one,
maybe a little bit to early, but we will see. Pleas feel free to share your
opinion about this trade in the comment section.
With best regards,
Jens
NZDCAD - SWING - 22. SEPT. 2020Welcome to our weekly trade setup ( NZDCAD )!
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1 HOUR
Sideways market structure around main sr level.
4 HOUR
Price looks like we might see a strong drop shortly..
DAILY
Good short positions, overall bearish looking market.
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FOREX SWING
SELL NZDCAD
ENTRY LEVEL @ 0.88760
SL @ 0.89320
TP @ 0.87950
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
NZDCAD: How to Catch Bearish Continuation
NZDCAD is trading within a falling parallel channel.
the price is stuck on 0.876 horizontal structure support and currently can't go lower.
however, with the sequence of lower highs, the price formed a descending triangle formation within the channel.
bearish violation of its horizontal support is a perfect signal to sell.
goal - 0.8735
in case of a bullish violation of the channel, setup will be invalid.