Nzdcadshort
NZDCAD FISCAL OR MONETARY POLICY TECHNIQUEPlease hit the like button and
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--Breakout-----
(1) Wait for a clear Descending triangle to form.
(2) Sell when price breaks the triangle low.
(3) Stop Abouve the previous High.
(4) Target 1 Is the Distance Between The Mouth Of The Triangle Added To The Breakout.
(5) Target 2 is a 100% extension of the first impulse move.
-----PullBack-----
(1) Wait for a clear Descending triangle to form.
(2) Wait for price to break and close below triangles low.
(3) Sell pullback at the broken lows.
(4) Stop Abouve previous High.
(5) Target 1 Is the Distance Between The Mouth Of The Triangle Added To The Breakout.
(6) Target 2 is a 100% extension of the first impulse move.
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NZDCAD TO CONTINUE WITH THE BULLSAs we have seen, price has broken above this key level with bullish pressure.
We also see a break outside the corrective downtrend.
We could see further upside on NZDCAD after a pullback.
We'll be watching for early retracements, pullbacks at key levels, any trend continuation techniques to get us in.
NZDCAD TO KEEP PUSHING LOWER?Since the deep fall from the level of 0.88700, we have seen price continue to create lower lows and lower highs to continue the downtrend.
We just recently broke below a support level at 0.87800. Until we see a break above, we remain bearish and will look for sell opportunities.
If we find a break above then we could switch out bias from bearish to bullish. New targets on this sell would be a new low along the trend.
NZDCAD Sell Zones right now price is in the down trend and we are looking to get in to sell position first zone is our first entry and stoploss of that will be end of the zone if it hits our SL we will open another sell position at next zone with stoploss of 5 pips above the zone and both of the TP would be the zone down below
NZDCAD ANALYSISWe have this pair following our last update and continuing to move down.
We expect a fall to 0.87800 and a bounce from that level to the upside.
If price gets to 0.87800, it would be regarded a higher low on the 4-hour and daily timeframe.
We could see the bounce from there. As for now, we remain patient, riding with the current profit on this pair.
nzdcad sellnzdcad sell :
Reasons :
1)there is a nice pattern trend formed in 1h,4h,1d timeframes
2)a bullish pin candle is formed as marked in the previous days which indicates perfect entry for sell
3)bearish naked candle confirmation in 1h,4h time frames
take profit : green line
stop loss : red line
wait for my confirmation to place trade
NZDCAD Can Go up After the Retracement Before Going Down
Welcome back Traders, Investors, and Community!
Hi Traders, NZDCAD on h1 has been on a downtrend after the Support breakout, it might go up for a pullback before it continues it’s Bearish trend
⬇️Sell now or Sell at 0.8817
⭕️SL @ 0.8837
✅TP1 @ 0.8760
✅TP2 @ 0.8724
✅TP3 @ 0.8678
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💡Don't miss the great sell opportunity in NZDCADTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.8817).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 33.
Take Profits:
TP1= @ 0.8760
TP2= @ 0.8724
TP3= @ 0.8678
TP4= @ 0.8661
TP5= @ 0.8632
SL: Break Above R2
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💡Don't miss the great sell opportunity in NZDCADTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.8817).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 33.
Take Profits:
TP1= @ 0.8760
TP2= @ 0.8724
TP3= @ 0.8678
TP4= @ 0.8661
TP5= @ 0.8632
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️