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Nzdcadshort

NZDCAD ShortA L O H A - Strong bearish close at top of HTF descending structure double tweezer tops. 4hr closed with a solid bear candle and with it being at a key area of the pattern, entry order just below the corrective period. 1HR - Currently 5 candle sticks with most of it being indecisive price action in the form of dojis. Mini ascending channel on the 15 minute but don't like to gauge that as the for sure entry as the hourly is what will confirm the move. Proceeding with caution on the 15minute as it can do a quick entry and continue to pull up for a bigger pullback forming a bigger pattern on itself but creating a loss on the books. will be keeping an eye out on this one this week. 2 hours is the new market open for us in Hawaii so will wait to volatility evens out and spreads are normal again. **A key lesson i learned this year: never place an entry before market open or just before the week closes, either leave your SL in a decent range to adjust for spread costs, or cancel the order, wait for spreads to calm down and enter, sometimes for an even better R:R. Have a great fantastic profitable weeks traders!
Short
by Reid_Hicks
NZDCAD ShortA L O H A Hey Everyone, looking to short NZDCAD in the next couple hours after the new market day is confirmed and candles closed. D - At a key area at the second touch of a descending channel with an overall bear market. 4 HR - bearish engulfing at top of structure; descending within a descending; engulfing candle which is a beautiful sign this could be an opportunity to get in short for a long ride down, at least to the recent low near .83617; also a scoop pattern here (double touch at top of channel 1 HR - currently in a correction after the break down out of the ascending channel. Impulsed out now waiting for a cleaner spot to enter. Few option to getting in is a hover at the top of 15m second touch bear flag or a possible entry at bottom, outside of structure for a Reduced risk entry. Price can go early or consolidate for a while so have placed on alert at the top of second touch on the 15m and will monitor if there is a hover and breakdown to down side. Potential for a 10% move on this if able to hold to the down. Been backtesting to keep my mind at ease with all this waiting. Will wait and stay out of the market until new market day is open (11am HST) and a little more hover correction before placing an entry.
Short
by Reid_Hicks
NZDCAD reversed from resistance, potential drop! NZDCAD reversed off its resistance at 0.841 where it could potentially drop further to 0.838. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
NZDCAD / H1 / Daily Forex Technical Analysis / 10.4.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is October 4th, 2019 and we will be taking a look at the New Zealand Dollar against the Canadian Dollar. Looking at the 1 hour time frame we are looking for price action to possibly pullback into the .8427 area and retest this area of resistance. If we do get a pull back and price action doesn't S/R flip and turn bullish at the .8427 region we will be looking for an optimal entry short. Entry for a Short position near the .84276 resistance area, with a Stop Loss near the .84468, and a target profit level area of .83800 for what can be a profitable trade with a 2.48 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Short
by FuturesForexClasses
NZDCAD Easy Money Is Nothing NewHello Traders, The previous small up move forecast was cut very short and the market burned back down very quickly. As per the original (bigger time frame) forecast, we will just continue downwards for a while (Refer to related ideas to see original forecast). Look for a small correction completion at 0.8385 / 0.8433 range and then continuation downwards to break the 0.82 / 0.81 zone. If you enjoyed, please thumbs up and follow for more. Thank you
Short
by UnknownUnicorn852976