Can NZDCAD respect that resistance?NZDCAD just hit a major resistance and is making a retracement move down to the support.
Nzdcadshort
Intraday: NZDCAD BEARISH RetracementWhat we should be looking at for now is a rejection off this strong resistance level @0.8898 price level. We managed to see a rejection off this level previously with price retesting the level once more. However, BULLISH strength is weakening from an H1 timeframe and what I will be hoping to see is a nice rejection off here retesting the trend support before making further BULLISH movement (or a BEARISH breakout). I will update further movement after we see a BEARISH fall from here to the trend support level. Cheers!!!
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NZDCAD approaching the supply zonecurrently, we are seeing price forming a higher peak and higher trough series, we have room to go down to the 0.8828 level as a target level if the seller manages to hold the price at the supply zone, wait for the price rejection! good luck traders ;)
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Thank you for your support ;)
GWBFX
Short on PullbackLooking to go short on a pullback to retest the respectable descending TL in confluence to the previous support area which is now acting as resistance and the 0.618 fib retracement.
NZD/CAD SELL 1H 📉👋 Hello and welcome traders to another trade idea with Fobian
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👉 WE have sell conformation:
- Trend was broken.
- EMA's give us SELL signal.
- Candle close below ASIAN session.
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NZDCAD A Chance for Swing TradeNZDCAD is under the channel created in 2016 and still running in the channel. Now NZDCAD is touching the a strong resistance existed since 2016 and I am expecting a fall from 0.88659 . My this trade may take weeks or months to reach the bottom support zone.
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Best Regards
NZD / CAD - Forecast (Trade In-Play)10:1 Risk Reward SMASHED!! - 100 pip reward with 10 pip SL
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REVERSAL IDEA ( fake break out )price break previous trendline, but momentum is weak, price at sell zone 2:1
NZDCADPrice brokeout above the downtrend resistance and is currently printing a rising WEDGE + RSI bearish divergence signal. Breakout below wedge support could lead to retest of downtrend resistance + key fibonacci retracement levels ⬇️.
📢NZD/CAD Short Opportunity This pair broke out of its range and has come up for a retest. Looking to take it short 😎
The importance of the nape line on NZD/CADHello traders :) Today I wanted to remind you again of the biggest mistake made in this formation.
The biggest mistake in this formation is that the stop point of the positions opened in the closing after the breakout is not above the upper nape line.
In this chart I show you the perfect point for selling. DONT FORGET TO STOP IT ABOVE THE UPPER NAPE LINE THIS TIME :)
good luck....
