Historical data favors Long NZDCAD(Prediction 1)
You have 55.56% chance of earning 20pips and 52.34% chance of losing 20pips within the next 24 hours.
Entry price:0.86468
Take profit: 0.86668
Stop loss: 0.86268
(This applies to timezone UTC+8 20 Jan 2020 8am to 21 Jan 2020 8am)
(Enter at your own risk, 1:1, you either get 20pips or lose 20pips)
Nzdcadlong
NZDCAD Bulls are Ready to Take OverNZDCAD's current chart pattern is unfolding as a bullish Elliot Wave impulse structure. Price seems to have completed wave (iv) of 3 which set a stage for another rally in wave (v) of 3.
Price has also rejected a weekly support area that lined up with a moving average. The potential price target is within the blue zone on the chart.
NZDCAD trade idea on H1Plan : wait for prices to bounce off horizontal support --> 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.
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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GWBFX
Buying NZDCAD From a technical and trading perspective, the NZDCAD has been developing an impulsive advance from its October 2019 lows. The bullish sequence appears to be incomplete, price has held symmetry swing, Fibonacci and pivot support. As .8600 continues to attract buyers bulls will be encouraged on an upside breach of .8700 setting up a retest of offers and stops above the prior swing highs sited at .8800 and on towards .8850 in extension
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%
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.