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Nzdcadlong

NZDCAD PLAN.Hello traders around the world! My name is Alexandre Karim and today I want to talk about NZDCAD for a possible long position scenario. On the weekly chart we can draw a descending channel since April 2016 (Low at 0.86573) & November 2016 (High at 0.98831) till present taking multiple touches. The descending channel shows us an upside gravity + on the higher time frame we can clearly see that the price made a "V shape" and a bullish correction after it. If we zoom in to the daily chart, we can draw the upper and lower TL of this bullish correction. Moving to the 4H chart, we can check our areas for a long position. The first one would be a reversal on the lower 4H TL and the second one would be a breakout of the upper TL + giving us a continuation after. I will be focusing on the 1H chart to execute the trade. These are two possible scenarios on NZDCAD! What are your thoughts? Remember, patience is key! Wait for the perfect set up before entering any trade. #ThePrimes
Long
by alex_k_95
1
NZDCAD 4H, Bullish Price ActionNZDCAD has been shaping up for the Impulse phase as we can see on the the HTF price had a strong push upwards now consolidating within a continuation structure. Looking at the LTF, we can see price approached the lower boundary of the HTF in a corrective structure with a strong impulse breakout followed by continuation structure to push price higher. I expect price to rise to upper boundary of HTF structure. Wait for an entry thst fits your trading plan. Thanks Trade Safe
Long
by ktlfx
NZDCAD Trading Plan - 10/Jan/2023Hello Traders, Hope you all are doing good!! I expect NZDCAD to go Up after finishing this correction. Look for your BUY setups below 0.85 level. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer : This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
NZDCAD: Bullish Breakout Price action has successfully broken the descending parallel channel. We can see Price has tested the Channel support and Resistance line on several occasions. Bullish indications Price action is achieving new Higher Lows and Higher Highs and a breakout starting from the median line of the channel is a good sign. Price has respected Fib level 61.8% which is now our support level which indicated use of fib level can be beneficial for TP and SL. 0.86365 is the next Resistance zone line. Last 10 years Seasonal analysis indicates Zxy remains Bullish in December over 66% of the time while CXY remains Bullish only 50% of the time. No Divergence was Spotted. Manage your Risk accordingly.
Long
by adnanmagsi