NZD/CAD - Head & Shoulders Price has printed a H&S pattern and has broken the neckline/support. We are waiting for a retest of its broken structure for sell entries.
Nzdcadsell
NZD/CAD Finally showing some weakness NZD / CAD finally broke through the strong structure, and did the bounce as we drew, now what we hope is that it will break through and close below 0.87600, and then it would be a nice opportunity.
NZDCAD - SWING - 22. SEPT. 2020Welcome to our weekly trade setup ( NZDCAD )!
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1 HOUR
Sideways market structure around main sr level.
4 HOUR
Price looks like we might see a strong drop shortly..
DAILY
Good short positions, overall bearish looking market.
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FOREX SWING
SELL NZDCAD
ENTRY LEVEL @ 0.88760
SL @ 0.89320
TP @ 0.87950
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
NZD/CAD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
NZD/CAD: Day-Swingtrade-Execution
Note:
After long NZD/CAD last week market has exactly reached my short-area.
This is the first attempt this week so I will keep my risk low.
Market-Sell-Order: 0,88040
Stop-Loss: 0,88445
Target 1: 0,87660
Target 2: 0,87365
Target 3: 0,87080
Stop-Loss: 40,5 pips
Risk: 0,5 % - 1%
Risk-Reward:2,21
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
NZD/CAD and where to SELLHey tradomaniacs,
previous fakeout the the downside hasbeen a strong Stop-Loss-Fishing-Move and resulted in a strong upmove.
Currently NZD/CAD is testing a strong resistance but still shows a lot of buy-pressure there which makes it more likely to see a break until the next resistance which would complete the A-B-C Pattern close the the 50% - 61,8% Retracement.
Up there we would probably get a nice chance to sell as soon as we see bearish confluence.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
NZDCAD - BEARISH BIASNZD - BEARISH
1️⃣ New Zealand extended its level three lockdown restrictions in Auckland until at least midnight on Sunday, reporting 7 fresh cases of the coronavirus as community transmission persists.
2️⃣ The volume of total retail sales in New Zealand declined a seasonally adjusted 14.6% in the second quarter of 2020, posting the largest drop in total volume sales since the series began in 1995.
CAD - BULLISH
1️⃣ CAD lifted by a rise in oil prices after tropical storms Marco and Laura hit the Gulf of Mexico and amid optimism about coronavirus treatments.
2️⃣ US Dollar Index (DXY) is staying on the back foot as the greenback struggles to grab investors' attention as a safe-haven.
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TECHNICAL
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- We shorting NZDCAD on pivot point level + SMA100 area + SBR level on H1 chart.
- NZDCAD in bearish zone.
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RISK TO THIS TRADE
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This trade will hit stop loss if oil prices going down and market sentiment turns to risk-off mode.
NZDCAD / SHORTPrice has broken support and is currently retesting, once price breaks this area we are looking to enter short
NZDCAD approaching support, potential for a further rise!
NZDCAD approaching support at 0.87590 where it could potentially rise further to 0.88790.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZD/CAD Short📉Potential trade idea 💡
Sell NZD/CAD @ 0.8850
🎯 Target Profit 0.8800
🛑 Stop Loss 0.8876
🙂 Good Luck!
Do not hesitate any question for clarification.
NZDCAD reversed from resistance, potential drop!
NZDCAD reversed off its resistance at 0.88695 where it could potentially drop further to 0.87992.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD SELL LIMIT @ 0.900000I am preparing for a huge swing low once price reaches the 0.786 fib level.
SL: 0.90689 (70Pips)
TP: 0.79983 (1000Pips)
For 1-1 Sessions and Signals check us out at www.dualfx.co.uk
NZDCAD bounced from support, potential for a further rise!
NZDCAD bounced off 0.88972 where it could potentially rise further to 0.89335.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD SellNZDCAD Sell
4h
Chart Pattern
-Head & Shoulder
-Price retraced @ neckline
1h
-Break out of trend line
-waiting for retest of trend line
=Sell
NZDCAD Sell on H4 and 1HNZDCAD 4h
Chart Pattern
-Head & Shoulder
-Price retraced @ neckline
Candlestick Pattern
-Bearish pin bar
-Bearish Engulfing
=Sell
NZDCAD ShortHello, traders, nzdcad is approaching weekly trend line and we could short it is losing momentum also macd is in favor of sell.
If you liked the idea please like and follow for more.
