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NZDCADANALYSIS

NZDCAD Long Trade SetupA bullish opportunity recently presented itself on the kiwi-loonie trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.79100 psychological level. A stop loss below the 0.79000 psychological level and a profit target anywhere between your entry and the swing high of 0.82534 could give you a reward-to-risk ratio as high as 7 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades. FX:NZDCAD Rooting for you! Your FX Plug
Long
by charles-okoukoni
NZDCAD SETUPThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
Short
by Tradelikemee
1
NZD/CAD over 520 pips moveI will be doing a multi time frame analysis of this pair. Starting from the monthly all the way down to the daily. Monthly: Price is currently in a downtrend making lower lows and lower highs. We could expect the formation of a lower low. Also there is a zone of demand that has not been clearly tested yet. We could expect the price to test the demand zone below the current previous low for a liquidity run. Weekly Price is clearly In a downtrend. We could expect the creation of a new impulse. The reason we could expect the creation of a new impulse is because below the low there is a demand zone that has no been tested yet. There is liquidity sitting below the low which we could expect the market to reach that zone. Daily Price is creating higher highs and higher lows. The price is in an uptrend. To look for a short opportunity we have to wait for the price start creating lower lows and lower highs. approach: Wait for the daily switch of environment. If you want to have a better entry with a better risk reward look for opportunities in lower time frames
Short
by Wiiso