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Nzdcadshort

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
"NZDCAD: the last impulse of the down move?" by ThinkingAntsOk4H CHART EXPLANATION: - In Weekly Terms, we observe a lateralization in this instrument since 2014. - In April 19', it started its down move towards the level in which it is now. - Price is on an a Descending Channel. - It is currently on a Bearish Corrective Structure. If it breaks it at 0,85, it has potential to move down towards the Support Zone at 0,837. - After this, we expect price to move up. Check out our Weekly and Daily Vision, that support our short idea! Weekly Vision: Daily Vision:
Short
by ThinkingAntsOk