Nzdcadforecast
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!
SELL NZDCAD AT 0.86978Price is currently in what i would see as a bullish retracement of the previous bearish move. NZDCAD currently has the potential to reach our marked entry point before advancing lower to meet our targets 1 and 2.
Entry - 0.86978
Stop loss - 0.87824
Take profit 1 - 0.85790
Take profit 2 - 0.85218
Capital risked - 2%
NZD/CAD: Swingsetup and Opportunity#SELLHey tradomaniacs,
NZD/CAD has been broken through the trendchannel (a) and has hit a strong key-resistance showing a decreasing volume the closer we got to it.
This is a high evidence of a bullish weakness and shows it is time to for bulls to save profits.
I expect the market to head towards the previous channel to retest it before the rally continues.
The current resistance-zone gives us a great risk-reward ratio and good opportunity to sell.
Type: Swingtrade
Market Sell: 0,87555
Stop-Loss: 0,88985
Target 1: 0,85965
Target 2: 0,84750
Target 3: 0,83565
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Peace and good trades
Irasor
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NZDCAD sell on H5Plan : trendline breakdown --> wait for prices to bounce off trendline resistance --> 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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Thank you for your support ;)
GWBFX
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.