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NZDCADANALYSIS

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
Nzdcad Falling wedgeHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:NZDCAD We can see market is strugling near its previous support and currently standing near. Its a strong support in D1. So we are expecting more fall near Trendline,Then we can expect a strong bull run after the formation of Falling wedge This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Long
by Theranasaramd