Waiting for a pullback to go long NZDCAD 18 Oct, 2021When this market is trending, the relationship it has to the 20EMA is consistently good. The EMA holds the price down when bearish and provides support when bullish. When price touches the EMA it has been a good location to take a trade in line with the trend.
We seem to be at the start of a new bullish move and if this holds true, taking a buy at the next pullback could be a good trade with a large potential R/R. The support around 0.8630 has held since mid Aug. and I expect it to hold again. However, nothing is 100% in trading and what was true in the past may not be true now. Place a stop loss on the other side of the 20EMA but give it some breathing space.
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Nzdcadlong
Fri 15th Oct 2021 Daily Forex Charts : 3x New Trade SetupsLooking at the Daily Forex charts and using the High Probability & Divergence methods from my books, there were 3x new trade setups identified today. Just be careful of correlation though as the NZD is involved in all 3x trades. Enjoy the weekend all. Cheers.
NZDCAD LONG IDEAHey guys, this pair traded to a strong support zone and bounced. We see formation of a double bottom which is a bullish reversal pattern. It also broke the trendline on the right. With those confirmations, i'm looking to go long on this pair
NZDCADBullish Indicators:
1) Bounced from the upward trendline
2) Support zone
3) Followed by the three white soldiers
4) 78.6% Fib Retracement level
Bearish Indicators:
1) Descending trendline
2) Resistance at 0.87890
Plan A: On the breaking of resistance level 0.87890 and downward trendline one can buy for the target 0.88535.
Plan B: On the breaking of upward trendline one can sell for the target of 0.86666 where the major support lies.
NZDCAD Looking for Long PositionsHi Everyone,
After the rotation in the channel we arrive to the supor level & Base of the Bullish Channel with the indicator in the area of Overbuy Time Frames => M5&H1&H4.
1) First, I want to see a Breakout of the bearish Channel.
2) Second, I want to see any signal, Chartist, Candles or in the indicators to get in.
Then I trade as usual 1% Risk. 0.5% for the entry and another 0.5% to get in at the lowess, with a Stoploss ATR Daily.
Goodbye & Good Trading!!!
NZDCAD: Catch The Ride DownI would expect the price to come back to the equal low liquidity before we see any signs of bulls.
I would want to enter sells on a slight pullback.
If we see a pullback with signs of rejection I will be scaling in sells for a juicy drop to the downside.
Do you agree with me?
NZDCADprice already broke the uptrend channel and already make an retest to, waiting the candle confirmation and we ready for short trade. But price maybe broke the retest and going uptrend. remember always waiting for the breakout + retest + candle confirmation + money management + psychology. GOOD LUCK
NZDCAD ANALYSISOn this pair we see a potential sell, if this uptrend break is confirmed and we break this support we can enter on a sell with really great chance to see the 0.5 levels on this impulse, we could see further correction to 618 but we need to check the strenght of the correction. If this support resist we can see this uptrend being continued and testing the 0.91 resistance. Wait for the market and react! Good Luck on the market!
NZDCAD SWING TRADEHigh probability trade
The analysis begins from the Daily timeframe to the 4-hour timeframe execution zone .
5 wave structure complete with multiple wave structures currently in a 3 wave pattern internal structure (3-3- ((with a possibility of 5 to follow)))
Considering where wave B has ended we should consider a high probability that wave C might only go back to the previous high in the wave structure or point A
NZDCAD Looking For A Buy IdeaIn this we are looking at the Bat Pattern Harmonic as you can see we watching the trend up
Now we wait for the pull back into the logical area ready to push up from the logical area and its also a nice 50% area of this Bat pattern B area looking left
see how we have HL trend forming beautifully on its way up to the D point this is where we wait for the pull back you possibly could sell from this area but im waiting for the pattern 50% retrace then take it on the up to continue trend
What is your thoughts........?
NZDCAD Hello Friends, I am looking for great long opportunity in this pair. As price has broken Descending wedge and started bullish corrections in range. I will be looking for structure areas where I will wait for rejections or Will wait for breakout and retest. Range structure levels are both in long favor we just need to see confirmations for good risk to reward ratio.