Nzdcadshort
Ascending Triangle coming to end for NZD/CADWe are considering both scenarios for NZD/CAD because Ascending Triangle has coming to end and that's why we are putting two pending (both directions) orders if either of the triangle lines are broken.
But be careful to put the entry too close to the broken line.
Good luck !
NZDCAD ShortHey guys! we are seeing an ascending triangle, we may see price test that resistance level where we will look for an entry, let me know what you guys think in the comments, cheers!
NZDCAD short trade ideaPlan: wait for the price to bounce off from trendline or 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZD/CAD SHORThere we have a nice short confident setup on NZDCAD, as you can see we was in a big ascending channel but then took a big reverse to the downside creating a reversal channel to the downside, it touched the downtrend line and began dropping back into its small uptrend channel which you can see , looking to make a touch on the bottom trend line of the small uptrend channel . aswell as its got bearish divergence which is another confirmation.
NZDCAD reversed from resistance, potential drop!
NZDCAD reversed off its resistance at 0.85434 where it could potentially drop further to 0.82797.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD IN OPTIMUM TRADING ZONE (OTZ)Price has broken below that structure and is retracing back into the previously broken zone giving me confirmation for shorts
NZDUSD - Two Possible Harmonic Structures in DevelopmentAdding to my watchlist for coming week.
If Gartley fails and goes past X point then Butterfly comes into play.
Happy Trading
NZDCAD SHORTWe have had a rejection of the 50MA, if we get closure below the 200MA and 0.786 FIB, will be looking to go short on this pair.
NZDCAD NZDCAD
-Strong Down trend
-Wait for Retrace
-Need Candle Confirmation
-wait for sell
=Sell Signal
NZDCAD appraoching resistance, potential drop! | 21 April 2020Price is approaching resistance where we could be seeing a reversal below this level. Our first resistance level is in line with our 78.6% fibonacci retracement and 78.6% fiboanacci extension. Please also tell us what you would like to see next.
NZDCAD appraoching resistance, potential drop! | 21 April 2020Price is approaching resistance where we could be seeing a reversal below this level. Our first resistance level is in line with our 78.6% fibonacci retracement and 78.6% fiboanacci extension. We will be posting the written version as well so do keep a lookout for that! Please also tell us what you would like to see next.
NZDCAD approaching resistance, look out for potential reversal!
NZDCAD is approaching its resistance at 0.85820 where it is could reverse down to its support at 0.82797.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Short NZDCAD Move For Short-term/Intraday Trading SetupA short term downward move can be expected in NZDCAD, especially after the big rally because of falling crude oil prices (CAD is heavily reliant on crude oil prices). I feel that some government intervention will happen to cool off such dropping prices, leading to crude oil prices increasing a bit in the short term, thus giving some strength to CAD, which will cause NZDCAD to fall (expected target is 0.85100).
