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Nzdcadsell

Short setup on NZDCADHey guys, this is the 4hr chart on NZDCAD but my analysis, as usual, starts from higher timeframes: on the daily price has just touched a key level of structure (yellow box) along with the D point of an AB=CD pattern. As we go on lower timeframes such as 4hr you can see price has formed a pinbar followed by an engulfing red candle in overbought condition. Then at the retest of the highs we see RSI divergence and less strength in price action. These are all good signs for a reversal. Let's see how it plays out. Stops above highs, targets as displayed above. If you have any question or if you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
4
NZDCAD SELLThe pair is making a four top on the monthly. NFP didn’t close above the resistance so it must have made a monthly high. Logical lookout is sell, so now we look for sells on a lower timeframe based on a higher timeframe support and resistance levels. In this case I use swing highs and swing lows from the Daily and H4 chart. We can see here that the sweet spot of the retracement align perfectly with a higher timeframe resistance. This is where my entry will be with a 300 pips stop loss. If it breaks up, I will sell again at the monthly high.
Short
by mzargi
NZDCAD - Short Position For Atleast 600 Pips!Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential short position for at-least 600 Pips, It has a potential for 900 or more pips, the minimum expectation is 600 Pips from this trade ! This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points. .TP & SL are mentioned in the chart. Adjust your Stop Loss according to your lot size, account equity ,strategy & money management. ***If you want to get in this trade from this point or 0.94600, you can still catch 350+ pips till TP1 is reached, however It may still go up keeping the current situation in mind , It is recommended to enter with a smaller lot size if you want to take a short position right away & manage your stop loss accordingly. Good Luck.! * This is my personal view and analysis on this chart. If you follow this idea please plan your trade according to your lot size and account equity . Don't forget to like, If you like my analysis :)
Short
by Jaffery
2