NZDCAD price has bounced off S2 now what. This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
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Nzd-cad
NZDCAD | DAILY SESSION | SHORTLooking for a continuation down based on the weakness of the CAD. Will also need to monitor the AUD to ensure it is strong for the session.
Big Picture View
Strong: NZD
Weak: CAD
This trade is valid until 29/06/2020 @ 9 pm BST.
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NZDCAD SHORT TRADE SETUP FOR INTRADAY TRADENZDCAD SHORT TRADE SETUP FOR INTRADAY TRADE
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
NZD/CAD FULL ANALYSIS: Sell opportunityHi traders,
Here's a possible sell opportunity in NZD/CAD. The pair has been in a nice downtrend for a longer period now, and is currently trading at a major resistance level near the 0.88 round-number. The resistance also aligns with the 61.8% Fib level.
Positioning data and recovering oil prices support a sell as well.
Here's a chart of current 2y yield differentials which are pointing lower, so the price might have to catch up with the divergence.
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