Nzd-cad
Going Short on NZD/CADNZD/CAD A better perspective is to be gained from the 4 HR chart. A close of the 4 four below the major trend line. Price action under 200 MA Daily & 4 Hour. Bearish RSI, and Stochastic signals.
NZDCAD 1hr Sell OpportunityAdd me on snapchat guys! - itsnotreallyike
I'm currently short on NZD/CAD, opened at 9286.2.
NZD/CAD currently in a big corrective structure so i'm waiting on the big drop. 10 pips in profit so i'll be looking to trail my stop soon.
Good luck and follow me on snapchat for more updates (itsnotreallyike)
NZDCAD Short Opportunity 1hr TFGood Morning Traders around the world!
The NZDCAD 0.10% has consolidated on the 1 hour timeframe meaning we can prepare for another short opportunity which will hopefully take the market down to the key level i identified on my larger time frame analysis. (Below is the daily time frame and the breakout were expecting) Currently on the 1 hour timeframe, the market is just chopping along slowly so prepare for the short! It can break at any time..
Good luck trading, and I'll be posting more updates on this pair.
Ike
Follow the Trend, My Strategy!This is my trading plan. You can look through my published ideas to look at other examples.
I need 3 reasons to enter a trade.
1. A clear direction. I use 3 emas 50, 100, and 200 as shown in the chart.(Required)
2. A horizontal support/resistance area. (Required)
3. Price retrace to one of the emas to act as resistance. (preferably than fib)
4. Fib continuation 0.382, 0.5, or 0.618 level.
Placing a stop loss.
My target for stop loss is between 10-25 pips.
I place my stop loss behind the horizontal and/or the next ema.
My target price is always 2 times more pips than I risk.
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I trade between 15 pairs, and on 30 minute time frame.
One reason is to counter F.o.m.o trading(Fear of missing out).
Counters Revenge trading because my trade size is smaller, and the opportunities are endless.
Counters Gambler's Fallacy because I require 3 reasons to enter a trade,
I don't enter a trade and expect to win after losing 3 times in a row, I place a trade based on my strategy.
I'm still trying to evolve as a trader, as you can see that throughout my published ideas.
NZDCAD bearish for August.Monthly candle analysis suggests that NZDCAD could stay below the 5 EMA for the month of August.
Therefore, I'll be looking for bearish signals on the daily time frame for this pair.
If a signal is generated, then I'll look to make entry on the 15 minute chart during London.
I plan on booking profits at 50 pips and generating stops at 10 pips for every entry.
NZD CAD short!Nice break of both the cloud and support line. 9600 seems like a good short. Divergence on the stoch and a potential third wave down. Good RR
NZD/CAD Daily Update (18/7/17)Should today close this way, I will be very bullish
nice pinbar at support zone give us a good lre to ride on the momentum trade.
NZD for a comeback ?
trade with care..
Nzd Cad Longdouble bottom with rsi divergence ...
i wanna see a push higher through the "flip zone" to enter long into a further bullish move ..
break of the lows means we should look for a short and reevaluate
NZDCAD Breaking OutOn the daily time frame NZDCAD is showing a nice ascending channel. Previous candle touched the upper range and the current candle is trading outside of it,, making it a sweet buy setup. Stoch also just made its bullish cross over.
Ive pointed out the next resistances areas which either be used as take profit targets or a target at which you move up your stop loss to lock in some profit and aim for the next resistance.
stop loss 0.9270
NZD/CAD breaks major supports, stay short for 0.93NZD/CAD trades with a strong bearish bias, scope for test of 78.6% Fib at 0.9297.
The pair has broken below major trendline support at 0.95 levels last week.
Decisive break below major 200-DMA support at 0.9562 on Tuesday's trade has added to downside bias.
Momentum studies are heavily bearish, RSI extremely weak at 36 and biased lower.
MACD also support downtrend. However, stochs are at oversold levels, so some caution advised.
Weekly charts are also heavily bearish, with break below weekly 20-SMA at 0.9442.
Support levels - 0.9395 (61.8% Fib retrace of 0.9171 to 0.9758 rally), 0.9386 (cloud base), 0.9297 (78.6% Fib)
Resistance levels - 0.9449 (5-DMA), 0.9460 (200-DMA), 0.95
Good to go short on rallies around 0.94/ 0.9410 levels, SL: 0.9460, TP: 0.9325/ 0.93/ 0.92
NZD CAD Long almost done.NZD CAD is looking like its about to reach it's fifth wave at around the record highs before it runs out of steam. My TP1 has been taken and now I'm waiting for TP2 with stops at break even. I'm expecting a big down move after this is all over.
