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Nzdcadshort

NZDCAD SELLThis is a beautiful analysis that would 100% plays out just the way you are seeing it on you screen, so basically we are looking to sell NZDCAD for about 200 pips plus, all we need to do is to patiently wait for price confirmation remember that trading is not prediction but price reaction. More looking at this analysis you would 100% know what it says educationally a nice Trend line breakout we are waiting for price to retrace back to our sell zone then waiting for candle sticks pattern to form before taking this trade. drop a Comment on what you think about this analysis
Short
by GoCrazyfx0
2
NZDCAD - SHORT setupHowdy everyone. NZDCAD is currently showing signs of bearish momentum, with a clear downward trajectory as it aims to develop a new low on the daily time frame. The 4-hour moving averages are currently positioned above the price action, further reinforcing the bearish sentiment. In addition, a 4-hour bearish engulfing closure has recently occurred, providing confirmation for short position. Furthermore, we are around 100 pips away from the potential daily MA of 100, which could act as a significant re-test reaction zone. Overall, the technical indicators suggest that NZDCAD may continue to face selling pressure, with the potential to push the pair to new lows. ✨
Short
by fxtraderkristina
NZDCAD - SHORT - SWING FORECASTWill be looking at short positions for this pair for the following reasons. It is approaching a point of Major resistance . It is sooo far above the Hull 250 EMA that it has to retrace (to get back to equilibrium) most likely to the previous major support level before retesting the resistance level again. This is a long-term swing for me looking forward at least 6-8 months. Once it reaches the major resistance zone, I would start looking for short positions. I would need to zoom in to get a better entry point, once price approached the major resistance zone. **This is just my trading thought process and does not constitute as financial advice. **Trading with proper risk management
Short
by MOGBEBOR