Nzdcadlong
Long Opportunity For NZDCAD... Potential Breakout!!!For now, we can see NZDCAD price level near an area of strong resistance with a 61.8 fib level. As of now, I see a higher potential of this resistance level breaking where we could be seeing price moving towards 0.8940 which is the first level I am looking at. Also, if it breaks this resistance level, we could see a completion of a reverse H&S pattern giving us another BULLISH outlook. Currently, we should be observing for potential breakout of the resistance level before we confirm our position. I see a good BULLISH risk to reward trade if level is broken potentially seeing 1.618 fib level.
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NZDCAD sell forecast LONGBased on my novice analysis I am expecting price to possibly push through the s/r zone of .67028. Price is now in a downtrend. I believe the bulls have exhausted and the bears are now coming in. We go with the trend!
• stop loss placed at .67413, at the bottom of the most recent consolidation above the sell area
•Tp1 is placed at the top of the last most recent zone below
•Tp2 is placed at the bottom of the last most recent zone below
I will be waiting to see and M form before making an entry. Please feel free to add your perspectives!! Anything helps!
NZD/CAD BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
NZD/CAD: Daytrade-Execution
Market-Buy-Order: 0,87365
Stop-Loss: 0,87035
Target 1: 0,87650
Target 2: 0,87815
Target 3: 0,88040
Stop-Loss: 33 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,20
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Peace and good trades
Irasor
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NZDCAD (Long)A detailed ABC flat into an ABC ZigZag. It's hard to look past the previous short ,however with my wave count, I have to trade on what i see and not on what it makes me feel like. A reaction of the 38% fibo, gives me a forecasted 1.161% target to the daily fibonacci speed fan trend line.
NZDCADThis analysis for NZDCAD on time frame 4 Hours.
you can ENTRY SELL Now! or wait new candlestick retracemment at entry point than we can entry "SELL".
GREEN - TAKE PROFIT
YELLOW - ENTRY
RED - STOP LOSS
If your entry already & running in profit to TP1 move your SL upper 5 Pips to entry point, if already running in profit to TP2 move your SL upper 15 Pips to TP1. let the system running to last TP3. This gonna control you lost or create mentality to continue trade for longer time. This skill can secure your account from Margin Call. ~ SamTrader12
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NZDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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.
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