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Nzd-cad

NZD/CAD - HEAD & SHOULDER - SELLPOTENTIAL TRADE: NZD/CAD I am looking to enter short on this currency pair for the following reasons: - Head and Shoulder price action pattern is evident. - Price has created a fake break-out. Buyers are trapped and will realize losses soon. - Overall down-trending market structure. - Major zone of resistance at the right shoulder. If you found this idea useful, leave a like and follow me for more analysis and trading signals. If you have any questions, feel free to ask in the comment question. I respond to all comments! You must always use correct risk management when following any analysis. Happy Trading!
Short
by HONEYSIGNALSFX
1
NZDCAD Daily Analysis 2/23/20NZDCAD Neutral idea NCAD has been very bearish as expected from previous analysis. We finally reached our weekly support around 0.84000 From this level we are waiting on confirmation before making our next move We could see price action bounce from this level and start retracing. A good short term target would be 0.85000. Look for confirmation at this level Or We could see bearish momentum continue and look for price action to fall below our major support zone
by ForexLeague
Don't miss the great sell opportunity in NZDCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8495). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NZDCAD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 32. Take Profits: TP1= @ 0.8425 TP2= @ 0.8345 TP3= @ 0.8245 SL: Break Above R2
Short
by ForecastCity
14