Trading Pathways Analysis of NZDCAD H4 Chart
The outlined white arrow pathway is the predicted pathway that the NZDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where NZDCAD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
Nzdcadsell
NZDCAD W5 JAN 2020As analysed on the last trading week. NZDCAD is printing this bearish chart pattern, some would say Head and Shoulder. The price clearly broke the ascending trend and is consolidating for almost 2 weeks now. Its price now is at 0.86831 which is also the 61.8% fib retracement level. Anything closes above 0.88044, this short setup will be invalid
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%
NZD/CAD: Swingsetup and Opportunity#SELLHey tradomaniacs,
NZD/CAD has been broken through the trendchannel (a) and has hit a strong key-resistance showing a decreasing volume the closer we got to it.
This is a high evidence of a bullish weakness and shows it is time to for bulls to save profits.
I expect the market to head towards the previous channel to retest it before the rally continues.
The current resistance-zone gives us a great risk-reward ratio and good opportunity to sell.
Type: Swingtrade
Market Sell: 0,87555
Stop-Loss: 0,88985
Target 1: 0,85965
Target 2: 0,84750
Target 3: 0,83565
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Peace and good trades
Irasor
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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.
FURTHER PUSH UP BEFORE A DECLINE ON NZDCAD NZDCAD overall is in a Bearish trend and currently moving bullish after meeting support in what i would class as a retracement of a bigger move to the downside. You should be looking at how price reacts once it gets to our entry zone as well as divergence. Stop loss, Entry and Take profit have been marked.
ANALYSIS ON NZDCADANALYSIS ON NZDCAD
Welcome to my analysis
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2HR CHart
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Interesting Point of interest In the NZDCAD pair.
- Price above 100/200 day EMA.
- sell at top 0.85000 zone.
- Expecting more downward momentum. Price could move to around 0.85400 before the fall
- Watch 0.84400 for take profit.
- MACD showing bearish divergence
Stay Tuned