NZDCAD Short Trade PlanHello traders, here is the trade plan for NZDCAD. For trade entry details please refer to the chart. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Nzdcadshort
NZDCAD (S) LIVE TRADE Short play from resistance 0.8920
4hr :Head and Shoulder formed, followed by a break and retest of 4 hr 50 ema
1hr: Making lower lows and lower highs
Negative: Price is still in a small zone as highlighted on the chart, once we break out of that we could see a strong move to the downside (potential break and retest whats now support as later resistance)
Entered after 1 hr rejected 50 ema with strong bearish momentum, waited for hourly candle to close. Stop loss above recent high + .618 fib.
Looking to next support/resistance level of 0.879 unless technicals show price is turning to move back up. Will use aggressive stop management. Will update bellow.
___________________________________
** DISCLAIMER* The content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting individuals to make independent trading decisions. Trading can be risky, make sure to use proper risk management!!
The analysis given out reflects my personal ideas and does not mean I personally take the trade, my preferred entry may never actually present itself.
___________________________________
NZCAD SHORT- H&S formed, and price broke through it
- Want a pullback to the 0.382 FIB which is
around the neckline area
- That would line up with the 50 and 200MA on
the 1HR
- Rejections of those would be a good indication
to go short
NZDCAD ShortAs forecast on the weekly we are bearish bias on this pair for the upcoming weeks. Here on the 4h time frame, we have a head and shoulders pattern as a confirmation for bearish reversal pattern. Expecting a lower low and lower high confirmation.
NZDCAD SHORT - Potential H&S?- Potential H&S forming
- A push up to form the right shoulder, lines up
with the 0.786 FIB
- If we get a clear rejection, could be looking for
shorts
weekly trend on nzdcadTHIS IS MY BEARISH TREND ANALYST
This formation shows us the start of a BEARISH trend!
We should look for a good place here to open sell.
Let's keep an eye on it together!)
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
NZDCAD ShortHello, traders, nzdcad is approaching weekly trend line and we could short it is losing momentum also macd is in favor of sell.
If you liked the idea please like and follow for more.
NZDCAD Sell Setup for Swing Trade.NZDCAD Sell Setup for Swing Trade.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
NZDCAD Sell opportunities for this week NZDCAD has just broken the double top region from mid 2019 but price has broken correctively in the form of an ascending channel, with possible sells at the break of the channel with the first correction or at the third touch of the ascending channel!!!
NZD/CAD Possible Short soon? await price actionhey traders,
As we can see nzdusd has been in a uptrend since 23/24th March - we can see it is now approaching a key resistance zone. It last tested this region is June 2019 in which it dropped. If it fails to break this area again in 2020, retraces then retests the resistance but the buyers fail to push price higher..We could see a nice sell opportunity as this would also create a double top confluence as well as being at a key resistance zone.
If this set up plays out, i expect a pull back to the 0.5 fib region which also is around a good support area which is another confluence
However, if price breaks the resistance thus making it support, we could then look for buy opportunities - await price action
Short for NDZCAD on D1 TFAs observed from the resistant trendline, the chart is currently retesting and expected to drop back to the 0.83430 level and complete the inverted H&S.
NZDCAD Short idea planHello traders, here is the trade plan for NZDCAD. For trade entry details please refer to the chart. If you guys like my analysis please hit like. Thanks.
NZD/CAD at key resistance💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
NZD/CAD could see some down movement next week. This pair has approached key resistance and we believe that price will not have enough momentum to breakthrough this daily resistance zone.
Let us know what you think about this idea.
Trade safe !
NZDCAD, BIG Picture...Strong Monthly,Weekly,Daily TrendLine.
M,W,D Bullish Channel.
M,W,D Strong Rejection Zone.
CAD trying to be pretty manipulative because of OIL's movements.
However It's nearly not possible to break that level easily.
I am expecting a Strong Pull Back from 0.885 zone till 0.87 level atleast.
NZDCAD SELLPrice brtoke our resistance zone due to the last night eurusd bullish movement, now expected to go down once and for all.
