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Nzdcadshort

NZDCAD - Bearish continuation ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short as I see price to continue bearish price action. Fundamental analysis: On Wednesday will be released Interest Rate on CAD, and on Friday Unemployment Rate. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
NZDCAD - Looking for a short ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block. Fundamental analysis: Tomorrow will be released monthly CPI on CAD, but on Wednesday will be released Cash Rate on NZD. Pay attention to results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
Bearish NZDCAD Trend: Downside Targets AheadHello Traders, Here is my outlook on NZDCAD. The NZDCAD currency pair is currently experiencing a bearish trend on the H1 timeframe. Last week, it underwent a correction and reached the price level of 0.82107, which coincided precisely with the 0.382 Fibonacci golden ratio. This price level acted as a significant resistance point, leading to a subsequent decline that some traders might interpret as a mid-week reversal. Presently, the bearish momentum remains robust, and this has been confirmed through the break and retest of a trendline, along with other supporting technical indicators. Considering these factors, I anticipate further downward movement in the price. My price targets for the potential decline are set at 0.81157 and 0.80978. However, it is essential to monitor the price action closely, as this analysis will be invalidated if the price surpasses the level of 0.81888 to the upside. Cheers and happy trading.
Short
by Samuel124
2
NZDCAD - Bearish continuation ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: As I said in my previous analysis price filled the imbalance and continued bearish price action, I added new short position as we can see that price made a retracement and then mitigated bearish order block. Fundamental analysis: This week on Wednesday will be released Unemployment Rate on NZD and on Friday on CAD and if the result is positive for CAD it will support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
NZDCAD - Wait to add short position ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: As I said in my previous analysis, price started bearish move, now I will wait to add more short position, so my point of interest is if price makes a retracement to fill the imbalance higher and then rejects from institutional mid figure 0.82500. Fundamental analysis: This week on Friday will be released monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
Forex Journal #4: NZDCAD Pullback To SellIn my journal, I'm noticing NZDCAD made a new lower low on the 4 hour and 2 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade. I prefer to trade down to my weekly estimation zone 0.85585 and entering on the 2 hour timeframe to keep the stop loss small. Trade at your own risk and risk level. I'd love if you can reply your thoughts and like the video for more
by ShaquanLopez
Forex Journal #2: NZDCAD Counter Trade In my journal, I'm noticing NZDCAD made a new lower low on the 4 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade. I prefer to trade down to my weekly estimation zone 0.81570 and entering on the 4 hour timeframe to keep the stop loss small. Trade at your own risk and risk level. I'd love if you can reply your thoughts and like the video for more
Short
by ShaquanLopez