Nzdcadlong
NZDCAD Expecting Reversal To UpsideHello Traders,
Similar to the other NZD pairs I posted, look for this small down move to end very soon for a WXYXZ corrective structure. After which, we will test 0.842 / 0.8437 range. Depending on how the price action reacts over there, we will either continue up in the impulse towards the bigger trend line or make 1 more down for a more complex B corrective wave before going back up again.
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Good luck
NZDCAD LONG/BUY 1D Divergence + StopHuntIn this trade we have multiple confirmations for the upside potential:
On NZDCAD 1D:
Divergence
StopHunt
Break Of Structure + Retest
Near Previous Reversal Zone(Support)
Indexes:
ZXY(New Zealand Dollar Index) Showing Signs Of Strength
CXY(Canadian Dollar Index) Showing Signs Of Weakness
NZDCAD - Dont Miss BuyANALYSIS ON NZDCAD.
Welcome to my analysis
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1 Hour CHart
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Interesting Point of interest In the NZDCAD pair.
- Price below the 200 day EMA.
- Watch bottom for Buy.
- Expecting more Upward momentum.
- Watch 0.82600 area fr buy signal.
- MACD showing bullish divergence
Stay Tuned
NZDCAD Swing Trade Idea (LONG)NZD/CAD
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This past week, price experienced a heavy move into weekly and monthly demand. Since then, price has kept moving up. I see a reversal in trend and thus this bullish trend is definitely starting
Additionally, a Head and Shoulders pattern has been successfully formed and this gives us insight on how strong the move will be.
Note that this is a daily move so this move can carry us to the rest of the year.
A pullback to the previous swap zone should be enough for us to enter the trade.
R:R 1:8
SL ~40 pips
TP ~320 pips
This should be good because we are expecting CAD weakness in the coming months as well.
Take care beloved! Until next time.
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NZDCAD Take Out The SuckersHello Traders,
It looks like we completed a very deep corrective flat pattern (Usually happens when they bring it back down to your stops out without changing the actual direction of the current time-frames trend).
I am expecting the third impulse move that we are already in to keep on going as shown in the chart.
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Good luck