NZDCAD (Neutral)Long Term Trend:Bearish
Short Term Trend: Slightly Bullish
In tern of the overall look on nzdcad you can see that the trend is a downward trend. Currently the price is in a consolidating phase , which means that it can either go up or go down. Wait for the breakout to happen after the consolidating before you enter this trade. The TP line (take profit line) i have already establish both long and short position. Let monitor how the price go before we enter this trade. if you guys are interested to know when i open my trade , please leave a comment below :)
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Nzdcadshort
NZDCAD SELL ZONEHi Traders, here is the full Update Analysis / Breakdown for NZDCAD.
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Conditions -
1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change )
2.Use Risk Management (Risk 1% of your capital)
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Looking for reversal NZDCAD .. the week of 15 JuneTrading reversals is not easy, provide a reduce win rate too, but this one is worth considering.
The daily chart shows a narrow band between 0.8780 and 0.8800 has held price for several months. Price action over the past 6 trading days clearly shows the inability of bulls to break above this zone.
The H4 chart shows this more clearly and I intend to take a short in the middle of this resistance zone. My ultimate target will be just above 0.8540.
My trading style is not conservative, I do not wait for confirmations. Confirmations always cost come with a cost, the stop will have to be larger, the R/R will reduce although the win rate will be higher. I prefer to take a small position at first and add more positions if my analysis proves to be correct. This enables me to keep a tighter stop loss, reduces the loss while giving the opportunity to make larger gains.
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NZDCAD SELL IDEA FROM 0.87313 Price has reached a very strong resistance level at 0.87940 which lines up with the 0.61 level on the fib indicating a possible change of trend. My setup became valid when the daily candle closed strongly bearish at this important level. Therefore I am anticipating a swing low.
Entry : 0.87313
SL : 0.88370 (105Pips)
TP1: 0.84500 (270Pips)
TP2 : 0.8060 (670Pips)
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NZDCAD SELL ZONE UPDATED! Hi Traders, here is the full Update Analysis / Breakdown for NZDCAD.
Please Press Like and follow!!
Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change )
2.Use Risk Management (Risk 1% of your capital)
3.Do your Own analysis!
4.Follow for more Analysis like this!
5.Always Be reactive & Not Predictive !
A like and a comment will create more Free Analysis & Forex Education.
Your Support is Appreciated!
See You in the next Educational Video / Analysis
Global Fx Education
NZD/CAD approaching key resistanceLet's take a look at NZD/CAD on 4H chart. We can see price is closing in on strong resistance line that has not been broken for quite some time now. NZD/CAD could see some down movement if price bounce of the resistance line one more time. We are placing pending SELL orders shown on chart.
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NZDCAD. Drop to target.
Hello dear subscribers!
The price of this currency pair has approached the resistance level.
The price will fall to the target,
it is at around 0.85000.
Good luck to you.
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This idea does not provide the financial advice.
NZDCAD H1 SHORT PRICE ACTION FORECASTWith price action trading close to a resistance level, together with the 50EMA and downward trendline, it could bring the opportunity for a short trade as a sell-limit entry setup.
When checking the intraday charts at H1, the candle forming was a clear Doji bar signaling the possible fatigue of the short correction from the more significant downtrend bias.
S/L: 30 pip with an R:R | 1:2 with the T/P right from last week's previous support level.
NZDCAD potential bounce!
NZDCAD expected to reverse up to 1st support at 0.84441 where it could potentially react and bounce to its resistance at 1st resistance at 0.85598.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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