Nzdcadshort
NZDCAD - BULLS TO CONTINUE PUSH UPANALYSIS ON NZDCAD
Welcome to my analysis
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30Min CHart
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Interesting Point of interest In the NZDCAD pair.
- Price flirting with the 200 day EMA.
- Buy reversal.
- Expecting more Upward momentum.
- Watch 0.84500 for take profit or around 0.84800.
- MACD showing bullish divergence
Stay Tuned
NZDCAD - Dont Miss BuyANALYSIS ON NZDCAD.
Welcome to my analysis
-
1 Hour CHart
-
Interesting Point of interest In the NZDCAD pair.
- Price below the 200 day EMA.
- Watch bottom for Buy.
- Expecting more Upward momentum.
- Watch 0.82600 area fr buy signal.
- MACD showing bullish divergence
Stay Tuned
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!
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.