NZDCADANALYSIS
NZDCAD, GIVE THE BULLS SOME SPACE!Hello Traders,
After that massive impulse in the 27th of March we have been looking for the perfect opportunity for a long position, however, our support levels didn't match, until now.
What we are looking for here is an H4 rejection in one of our support levels.
Give this trade some room because it can take a little bit to reverse, we can still see a move to our major support level, you can look for reversals in 1H and 15M in order to get a better entry, but remember, the lower the timeframe, the riskier it is!
Best of Lucks,
GlobalYouthTrading
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A downward trend here to stay! #NZDCADWe have been following this coin for several weeks now and it is still moving as we expected, The trend here is a significant downward trend with a large drop potential! the price is stopped exactly to the resistance of this bearish channel 0.9150 and directly triggers a decrease of 270 pips, for now, our recommendation remains bearish
Sell GBPNZD:
Entry Price: 0.8940-0.8960
Stop Loss:0.9050
Take Profit:0.8780