Nzdcadbuy
NZDCAD. The price resumed its growth after a long fall.Hi subscribers!
At the beginning of this month,
the price fell actively
and temporarily broke through the support level,
now it is in a growing channel
and very soon will reach the first
and then the second target.
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NZDCAD approaching support, potential for a bounce!
NZDCAD is expected to drop to 1st support at 0.85166 where it could potentially react off and up to 1st resistance at 0.85343.
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Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD BUY!!-already reached support and bounced up the move will continue to the resistance shown on chart
-breaking the support will take it to the nearest support shown on chart
-we expect cad will get weaker so we expect its up movement
-use strict money management remember trading is not gambling!
NZDCAD on 1D(Buy)NZDCAD seen battling supports and reversing and then also respecting trendline so wait for prices to bounce off trendline support then swingers takes over on the bullish push --> However first wait for the rejection candle or reversal patterns to form Then BUY Please comment and share ideas too on this pair thanks!
NZDCAD Still potentially Have One More Shot To The Up Side NZDCAD clearly broke and closed above the major long term support level,
the market on the Daily and the 4 hour chart retraced and is now at the inner up trend line near support,
this could give us one more shot to reach the highs before it starts dropping
NZDCAD SHORT IDEA Retest structure for a continuation push up.
My bias has slightly changed on this pair now thinking of longs. If you zoom in on the weekly it still looks bullish to me.
I won’t jump straight in on this one I’ll monitor price action to get a decent entry and tight stop loss as the closure of the last week was a indecision candlestick so could go either way.
NZDCAD Market Outlook | Daily Forex Market BreakdownNZDCAD
NC looking like a head and shoulders is forming. Watching very closely. NC might be the best looking sell out of all the NZD pairs at the moment. They are all looking good. Patience will be key we will let the high quality set ups present themselves to us. No need to rush into any trades.
NZDCAD Daily Closes Finaly With A Bullish CandleStick Formation About 2 Weeks Ago NZDCAD Broke Out of Its Wedge Pattern At A Weekly Major Support (See Previous Posts On NZDCAD)
Since Then We Have Had 2 Chances To Get In, 1st When It Broke Out 2nd Was At A Trend Line Break, Now We Have A 3rd One, The Daily Closed With A Bullish Engulfing Candlestick Formation (See Yellow Circle on The Candle) With A Counter Trend Line Break, And On The Lower Time Frames The Market Took Out Some Highs As Well,
It Looks Like The Market Is Finally Ready For Take Off.
We Also Have The RBNZD Rate Decision Coming Out Soon, Lets See How That Will Affect The Market.
Second Chance To Buy NZDCAD After Pull Back With Full Body CloseThe Market On The 4 Hour Chart Just Closed With A Full Body Candlestick And A Counter Trend Line Break,
This Comes After The Market Previously Broke Out of A Wedge Pattern As You Can See On The Chart.
If You Look Back On My Previous Post You Will See That The Wedge Pattern Is At A weekly Major Support Outlined On The Chart With The Green zone.
I was Already In From My Last Post But I Rentered Now After The Marked Pulled Back And Closed With A Counter Trend Line Break.
This Does Not MEan At All That The MArket Must Now Go Up The MArket Might As Well Decide To Come Lower, But Even If It Does Im Still Very Confident That Overall The MArket Is Heading Up Higher.
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Thanks And Have A Great Day....
Easy Trading!!
Elay Stein