Short for NDZCAD on D1 TFAs observed from the resistant trendline, the chart is currently retesting and expected to drop back to the 0.83430 level and complete the inverted H&S.
Nzdcadforecast
NZDCAD Short idea planHello traders, here is the trade plan for NZDCAD. For trade entry details please refer to the chart. If you guys like my analysis please hit like. Thanks.
NZDCAD/ Sell Wyckoff & Institutional BiasNZDCAD has reached its D1 Mitigation zone on the body, looks like it could push up to the mitigation on the 50% of the Institutional candle.
I've already made my first entries on that first green line and I'm looking to enter my other entries on the black line above. Another thing that confirms my sell is the wyckoff schematic . Price has reached its UTAD area which signals a major reversal and long time sell. The risk to reward ratio used here is very good (5:92)
Use proper risk management and safe trading.
NZDCAD ready to bearishNZDCAD reached the strong resistant , it can be bearish to next support on Fibonacci.
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.
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 H1 SHORT PRICE ACTION FORECASTWith price action trading close to a resistance level, together with the 50EMA and downward trendline, it could bring the opportunity for a short trade as a sell-limit entry setup.
When checking the intraday charts at H1, the candle forming was a clear Doji bar signaling the possible fatigue of the short correction from the more significant downtrend bias.
S/L: 30 pip with an R:R | 1:2 with the T/P right from last week's previous support level.
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 - Price May Grow NZDCAD is now Trading at its support level , We may see Price growing from this area to its resistance area.
NZDCAD SELL IDEADue to the facts that this pair has been trending downwards since 2017 and that it also closed extremely bearish on the weekly timeframe, this trade is aiming to catch the continuation to the downside once the pullback has finished. Also because price has broken above SUPPORT on the daily i am looking to see price reverse sharply causing the weekly candle to look bearish while we have entered at the top of the wick.
Always use 1-2% risk management per trade.
NZD/CAD beautiful example of Sideways ChannelLet's take a look at NZD/CAD 4H chart, what we can see there is a beautiful parallel channel. Price right now is rejected from strong support and now is heading back up to retest resistance line. We can enter trade now as we can see that the price has been bounced from support line on multiple timeframes.
BUY @ 0.84157
TP1 - 0.84657
TP2 - 0.85157
SL - 0.83157
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Good luck !
NZD/CAD, Breakout of the Key Level would offer long opportunityNZD/CAD struggles to break the key level. If the price will break it, we would take long entry with our members with awesome risk to reward and probabilities for a nice push to the upside.
NZD/CAD, Wait for confirmation before entering BuyThis pair has a good chance to break this horizontal key level while staying in this ascending triangle. If it happens, our students will be taking a long position with a nice risk to reward and probabilities for a nice push to the upside.
Ascending Triangle coming to end for NZD/CADWe are considering both scenarios for NZD/CAD because Ascending Triangle has coming to end and that's why we are putting two pending (both directions) orders if either of the triangle lines are broken.
But be careful to put the entry too close to the broken line.
Good luck !
NZDCAD reversed from resistance, potential drop!
NZDCAD reversed off its resistance at 0.85434 where it could potentially drop further to 0.82797.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD IN OPTIMUM TRADING ZONE (OTZ)Price has broken below that structure and is retracing back into the previously broken zone giving me confirmation for shorts
