NZDCAD Technical Analysis D1+ SignalAs you can see in the graph above after each increase the price fell by an average of 1000 pips, At the moment we are about a drop of only 300 pips that means we have about 700 pips of price fall
Our signal: NZDCAD
Entry Price: 0.8932
Stop loss: 0.9150
Take Profit: 0.8300
NZDCADSIGNAL
NZDCAD heading down!!!NZDCAD moved to the descending trendline where i personally got short entry at 0.9241 right at the lower timeframe double top and it moved down nicely. Of course there will be another trading opportunities on the lower timeframes. Targets are set and now wait for pullbacks to resistance levels.
NZD/CAD - ~200 Pips OpoprtunityA reversal from NZD/CAD is expected as it's finding support on top of ema's that acted as resitance up to now.
We can expect it to move back up and hit the 200 ema area *if the 20 ema on the 12 hour holds as support*.
Give it 8 more hours to confirm its strength to reverse.
NZDCAD Watch Out For Bollinger Band Spike And Support BreakHi traders,
I am hoping to see a clean Bollinger Band spike for a reversal to the downside. If it does not happen, then I will anticipate a trade once the support below breaks. Let's see how the chart develops. We will very likely see an RSI Divergence as well.
(This is not a trade recommendation!)