NZDCAD potentially continue its bullish movementcurrently, we are seeing the price trapped inside the falling wedge pattern and potentially move to the 0.88830 resistance level as the price target. I will wait for the price to break out of the resistance structure before placing any buy order. good luck traders!
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Nzdcadlong
NZDCAD LONG - Buy Entry - D1 ChartNZDCAD LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: NZDCAD
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 0.87773
TP - MN - Resistance @ 0.89916
PP Y1 - Pivot Point Yearly @ 0.8842
D1 & W1 Support @ 0.87069
Support @ 0.86031
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💵NZDCAD: Potential LongHi Everyone! Hope everyone is having a fantastic Friday.
We are currently looking at a potential long setup on the NZDCAD @ the to 0.86900 0.86300 zone. As you can see we have been getting Higher Highs and Higher lows, indicating a confirmed uptrend.
So until the trend shows other wise we are looking for price to reject at its current zone and push down to our support zone at 0.86900 - 0.86300
Does this mean it will be a definite long opportunity? No. The reason we say so is that we have to wait for confirmation of a valid setup increasing the odds of trend continuation.
Let us know your thoughts on the pair.
Happy Trading,
Wolf pack Team.
NZDCAD, price action explained. Hi Traders,
NZDCAD has been moving within a LTF descending channel which we got a breakout and now forming a correction. This could be an indication price may move higher to the upper boundary of the HTF channel or price could simply fail to push higher and drop down back into this channel.
Watch the price action before finding an entry, make sure follow your trading plan before placing an order.
Good Luck!
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NZD/CAD Will it make the retracement now?Monthly:
In monthly time frame the price is over extended. Also, there is an extended M formation, and the price created an imbalance where I expect to set my take profit to the imbalance area. We could definitely expect a move to the upside.
Weekly: The price is overextended so we could definitely expect the correction to the upside. The price is in confluence with the higher time frame. We could definitely expect a move to the upside.
Daily: There is an impulse correction pattern. The price is in confluence with the higher time frame. We could definitely expect a move to the upside.
All the confluence are in our side. The situation here is clear the movement to the upside is most likely to happen.
NZDCAD Long positionAs you can see, after dumping to 0.835xx, NZDCAD has some signal let us know the momentum selling is decrease. The market structure is changing from down to up with the small-signal in 1H timeframe with High - Higher and Low-Higher Low. Because we just found this structure in 1H time frame, that's why I think we need more time and more confirmation in a higher timeframe like 4H, 1D. So the safety strategy right here is intraday set up with a long position. The trading range may be in 0.835xx - 0.846xx. Good Luck