NZDCADANALYSIS
NZD-CAD Reversed to SellingBeen active on this trade for a week or so now, CAD should be coming back into action from late recovery from the virus. Did not break support at 0.87991 which gives me more urge to sell.
Aways using good risk/reward ratio.
NZDCAD Long SetupLong : 0.87335
Stop : 0.87100
Target : 0.87600 , 0.87800
Will Take very small position
NZDCAD MULTIFRAME IDEA ** JUST AN IDEA. NOT A SIGNAL **
We can clearly see momentum has been lost within the 4 hour graph.
A range has been formed, once the trade shows us a breakout we could buy or sell.
We know the volume of buyers or sellers will be strong once the range has been broken.
Interesting pair to watch.
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NZD/CAD bullish rectangleHey followers,
I will really apricate any likes and follows, that would help growing this channel.
There is good example of bullish rectangle on 4H chart with NZD/CAD. Price is taking a breath before making another move up.
Let us know what you think about this idea.
Trade safe !
NZDCAD SHORTFormation of a double top on the weekly, daily, and 4H chart gives a strong indication that price will head downwards after experiencing bullish momentum for a period of time. Price is also at an important area of resistance at which I expect the price to be rejected and head downwards to form a bearish momentum.
Trading this pair using the breakout strategy.
SL: 0.88470 (-59.5 pip risk)
TP1: 0.86610
TP2: 0.85387
TP3: 0.84249
TP4: 0.83303
Let me know what you think. Let's get 'em pips :).
NZD/CAD: Sell after the price breaks the rangeThe price is ranging after reaching a previous strong resistance line and a strong daily trendline. Wait for the price to break the range to the downside and then enter a short position.
NZD/CAD : Watch BreakDown and SELLThis pair looks vewry intresting facing big double top pattern and we can see reversal in downside and sell on Pullback confirmation.
Thankyou
NZDCAD SELL IDEA FROM 0.87313 Price has reached a very strong resistance level at 0.87940 which lines up with the 0.61 level on the fib indicating a possible change of trend. My setup became valid when the daily candle closed strongly bearish at this important level. Therefore I am anticipating a swing low.
Entry : 0.87313
SL : 0.88370 (105Pips)
TP1: 0.84500 (270Pips)
TP2 : 0.8060 (670Pips)
1% RISK MANAGEMENT ALWAYS
EDUCATIONAL PURPOSES ONLY
NZDCAD, SHORT Possibilities..Daily,Weekly resistance level.
Retracement is much needed.
0.855 is another expected point.
Take SHORT entry of market opens
in favour.
NZDCAD SELL ZONE UPDATED! Hi Traders, here is the full Update Analysis / Breakdown for NZDCAD.
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Conditions -
1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change )
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NZD/CAD approaching key resistanceLet's take a look at NZD/CAD on 4H chart. We can see price is closing in on strong resistance line that has not been broken for quite some time now. NZD/CAD could see some down movement if price bounce of the resistance line one more time. We are placing pending SELL orders shown on chart.
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NZDCAD potential bounce!
NZDCAD expected to reverse up to 1st support at 0.84441 where it could potentially react and bounce to its resistance at 1st resistance at 0.85598.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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NZDCADHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions
NZDCAD. The price will fall!Hello dear subscribers!
The price of the New Zealand dollar approached the level of resistance,
at which point it stopped growing.
Sell zone is above this level.
The price will fall to the target.
Good luck to you.
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This idea does not provide the financial advice.
NZDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
