Nzdcadshort
Trading Idea Regarding NZDCADAccording to my analysis this currency pair is going down for the upcoming week
1-Strong Down trend
2-Fallowing key levels repeatedly
Do not get confused by watching dojji canndle to understand the formation of the doji candle take a look at 4 hour chart
as you can see price first make new lower low then retest the key level and start coming down...this move appear as dojji candle on daily chart so don't think it as trend reversal candle
NZDCAD A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 0.84200 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
NZDCAD is in Downtrend and It is Expected to Continue Downtrend.
NZDCAD, We are in sell zone areaHello everybody
According to the chart you can see after breakwave that we made and the trend that changed to downward and the power of the bullish and correction was became weak its time to take short position until reach to the target .
In our way we have another minor resistance that the price can impact to it and after that its ready to break that down and continue the wat toward the target.
Dont forget use stop loss and trail your position and manage it
Good Luck
Abtin
NZDCAD Technical Analysis & Trade IdeaTaking a look at the NZDCAD chart, we've broken a key level of support, now re-testing the level. If we fail here and continue to the downside there's a decent price gap to our next target. In the video we take a look at how we can enter, manage risk and potentially capitalise on the opportunity. This is not financial advice, trading the currency markets carries a high level of risk.
Wait for confirmation signal and sell opportunity with NZDCADH1 time frame.
Structure: Downtrend.
After forming a double top reversal pattern with divergence signal, the price broke the Key level at 0.87000.
Wait for a retest and a signal to confirm the return of the downtrend, then you can look for selling opportunities.
The profit target is the 0.86500 price zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!