NZDCAD BUY AND SELL SETUP The pair is expected to buy to complete the gartley pattern
at point D. buy all dips on lower time frame to point D
Nzdcadlong
NZD / JPYIf you reach our support range, be ready to buy
The price has reached the bottom of the channel
NZDCAD LongIt's pure price action and easy to understand.
Disclaimer: It's not a signal it's an idea, open positions by your own responsibility.
10 August: NZDCAD could see a reversal here Hi everyone, NZDCAD is seeing limited upside before it reaches resistance at 0.88390, in line with the 61.8% retracement. A reversal below this level could see a further downside to our next support target, in line with the 127.2% extension.
Update on NZDCADgood day boys and girls. Previously on my NZDCAD analysis i state that price broke out of our descending structure and we were looking to enter on a buy if it gave us a flag on either the 1HR or 15M timeframe. Instead price failed to do that and we saw a strong impusive sell on NZDCAD .
I am still bullish on NZDCAD ,even though we did not get that correction ,price is still inside our descending channel ,our structure has evolved to a descending channel as we do not marry our analysis but evolved with the market.
I am currently looking for a strong bullish reversal from where price is now which is the third touch on the descending channel followed by a continuation correction on the 15M timeframe and a buy entry on break of correction.
Wait for confirm and buy signal with NZDCADH1 time frame.
Structure: Break downtrend.
Break Key level and downtrend - retracement.
Wait for retest at Key level 0.88000 and buy signal.
Target is next resistance at 0.88800.
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Wish you all have a good trading day!
NZDCAD TO CONTINUE WITH THE BULLSAs we have seen, price has broken above this key level with bullish pressure.
We also see a break outside the corrective downtrend.
We could see further upside on NZDCAD after a pullback.
We'll be watching for early retracements, pullbacks at key levels, any trend continuation techniques to get us in.
NZDCAD TO KEEP PUSHING LOWER?Since the deep fall from the level of 0.88700, we have seen price continue to create lower lows and lower highs to continue the downtrend.
We just recently broke below a support level at 0.87800. Until we see a break above, we remain bearish and will look for sell opportunities.
If we find a break above then we could switch out bias from bearish to bullish. New targets on this sell would be a new low along the trend.
NZDCAD LONG Price making nice FLAG pattern & trying to brake upper trend line . entry will place after retest.
Outlook for NZDCADDon't know what to say :). Should be going to the 4Hr demand zone, before smashing supply
Picture speaks a thousand words
NZDCAD ANALYSISWe have this pair following our last update and continuing to move down.
We expect a fall to 0.87800 and a bounce from that level to the upside.
If price gets to 0.87800, it would be regarded a higher low on the 4-hour and daily timeframe.
We could see the bounce from there. As for now, we remain patient, riding with the current profit on this pair.
NZDCAD ANALYSISAfter the bullish rally on this pair, we see price reacting to and rejecting the key level of 0.88700.
We could see some short term retracements before any bullish rally would continue.
We would look for short term sells on the lower timeframes once the opportunity presents itself.
nzdcad sellnzdcad sell :
Reasons :
1)there is a nice pattern trend formed in 1h,4h,1d timeframes
2)a bullish pin candle is formed as marked in the previous days which indicates perfect entry for sell
3)bearish naked candle confirmation in 1h,4h time frames
take profit : green line
stop loss : red line
wait for my confirmation to place trade
Wait for confirm and buy signal with NZDCADH4 time frame.
Structure: Uptrend, Price hit trendline and move up.
Downtrend - retracement has been broken.
Wait for the confirmation and buy signal.
Target is next resistance at 0.89000.
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Wish you all have a good trading day!
NZDCAD#NZDCAD
The market is currently moving in the bearish channel and will pull back and change trends from strong support.
NZDCAD TO CONTINUE TO THE DOWNSIDEWith the current bearish momentum and downtrend, it would be wise to flow along.
We're waiting patiently to see how price pulls back into some of these key levels before taking sells.
Patience is required so that we do not jump into absurd trades.
NZDCAD LONGAs we can see, the pair is moving in an ascending channel on the H4, and it has bounce from bottom trend line and a minor support Level 0.87413.
We expecting a bullish continuation, this trade is based on Technical analysis.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 14,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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NZDCAD ANALYSISFor a few days, we've seen price retesting this area of support and looking for a bounce to continue its uptrend.
We're now going into the lower time frames to find uptrend structures so that we can join the trend.
If price breaks below the level, we switch our buy bias immediately.
NZDCAD TO FINALYY CONTINUE ITS UPTREND?After the last impulse move on this pair, we have seen some major pullbacks as though the trend will now continue.
Looking at the current candle formation, price is now bouncing off the daily level and we could see some more upsides.
We're positioning ourselves long with targets at the previous high
NZDCAD, daily tf, buy at 61.8% retracement
Price right now retracing 61.8% fibonacci of the recent rally.
There is also a horizontal support on this area which could be a demand area to push price upwards.
Buy NZDCAD 0.8750
Stop loss 0.8660
Take profit 0.9050 (3.3R)
Use only 1-2% risk
Good luck
NZDCAD RETEST + CONTINUATIONS.We're intently looking at this pair for a retest before taking continuation buys.
As we clearly see, price is an uptrend and it'll be of no good to fight it.
We are trading inline with this trend, waiting for this pullback before taking buys. Targets remain at 0.89400.
