Nzdcadlong
Possible inverted Head and ShouldersHead and shoulders forming in the 4hr. timeframe. USDCAD broke 1.2439 resistance, so could be confirmation
NZDCAD - Potential Bat Pattern on H4 ChartMy previous idea on the bullish bat pattern spotted on daily chart has reacted but has not hit TP1.
Another bullish bat pattern is about to complete soon on H1 chart , but I might not be awake to update this idea.
RSI is at oversold level already, I will still wait for pattern to complete before making my next decision.
R:R at 1.3 (TP1) and 2.2 (TP2).
Might actually be a good long entry for traders who did not long NZDCAD previously, do check out the related idea below.
NZDCAD Long term a new idea wave analysis hey traders a new idea about nzdcad next impulse Bullish
look at chart there have all details
good luck for all
#Zuhairforex
NZDCAD At Crucial PointNZDCAD is currently in a channel that starts to shape like a wedge. Currently the price sits close to the lower range.
As you can see we can now also draw a new upper range. A break of this will confirmed the buy. A break of the lower range confirms a sell
Have some patience and wait till break-out from either side, this break-out will happen on Friday and can cause a 200-300 pip move.
NZD/CAD long setupNZD/CAD has held major trendline support at 0.8740 in last week's trade.
The pair has edged higher to break 20-DMA resistance at 0.8922, bias higher.
Technical indicators support upside in the pair. RSI and stochs are biased higher and MACD is showing a bullish crossover on signal line.
Close above 20-DMA raises scope for upside, next major resistance seen at 0.9010.
On the flipside, 20-DMA at 0.8922 is immediate support, we see weakness on break below.
We evidence bullish divergence on RSI and Stochs which adds to bullish bias.
Support levels - 0.8922 (20-DMA), 0.8876 (5-DMA), 0.8755 (trendline)
Resistance levels - 0.8980 (23.6% Fib retrace of 0.9758 to 0.8740 fall), 0.9015 (trendline), 0.9113 (Aug 29 high)
Good to go long on break above 0.9015, SL: 0.8920, TP: 0.91/ 0.9140/ 0.9170.
NZDCAD Reversal ?price made higher high and break the trendline. there's a bullish divergent as well. find a pullback to buy
NZDCAD - Bullish Bat Pattern Completed on Daily ChartI'm a little late for this pattern, but it's fine to enter next week as R:R is above 1 based on closing price, still within my risk appetite.
From experience, patterns found on daily and weekly charts have reacted positively so far.
If you want to wait for price to hit PRZ, R:R is 1.4 (TP1) and 2.4 (TP2).
NZDCAD - Bullish Bat Pattern RetestBat pattern has completed and reacted, but did not hit TP1.
Notice price has dropped and hit PRZ again, however RSI is rising.
This shows a good probability that the market will react to the bat pattern again.
Furthermore, the PRZ area has been rejected on December, January, April and July.
R:R is 1.1 (TP1) and 2 (TP2).
nzdcad long Advice as its now on Strong Demand zone NZDCAD Trading around 0.9220 its a Strong Demand zone 0.9220-0.9190 where Strong support seems at 0.9170 if hold above we can see a jump toward 0.930-0.9380
Advice to buy cmp 0.9225 SL 0.91750 TP1 0.93 TP2 0.9380
NZD/CAD Daily Update (18/7/17)Should today close this way, I will be very bullish
nice pinbar at support zone give us a good lre to ride on the momentum trade.
NZD for a comeback ?
trade with care..
NZDCAD Breaking OutOn the daily time frame NZDCAD is showing a nice ascending channel. Previous candle touched the upper range and the current candle is trading outside of it,, making it a sweet buy setup. Stoch also just made its bullish cross over.
Ive pointed out the next resistances areas which either be used as take profit targets or a target at which you move up your stop loss to lock in some profit and aim for the next resistance.
stop loss 0.9270
BUY SET UP IN NZDCAD - 4H CHARTHey Folks,
Looking for upside, buy breakout of the channel.
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Hey Amigos,
Buscando una compra, comprad la ruptura del canal.
Carlos
NZDCAD Bullish Bat PatternNZDCAD setting up for a potential Bullish Bat Pattern with the first part of the final leg extending 138.2% into the PRZ.
This pair seems to respect Monthly Classic Pivot Points well, so I would not be surprised to see price dip below Monthly S1, touch the PRZ for an entry, and start heading up towards Monthly R2.
Buy NZD/CADFound a Nice Long Setup for NZD/CAD. Multiple Time-Frame Bullish Divergence @ Key Support Level.
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NZDCAD Long before RBNZ DecisionNZD has been strengthening and should continue to strengthen into the RBNZ's decision. CAD strengthened off of good oil numbers, but that strength should be limited,
