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NZDCADSIGNAL

NZDCAD____3.9RR TRADE IDEAHello Fam, FX:NZDCAD has just tapped into a strong daily supply #orderblock which led to a mini selloff in price about a month ago. I expect that orders are still pending in the daily order block or market-makers would like to mitigate some orders. With this at play, I expect a selloff in the 1hour timeframe. Although I have a longer-term bullish bias on the pair based on the weekly and monthly timeframes, we would be taking each move as they come. Here are my other analysis on FX:AUDJPY and FX:CADJPY AUDJPY CADJPY Cheers, David
Short
by jabariofafrica
DeGRAM | NZDCAD strcuture based tradeNZDCAD is in a consolidation on the 4-hourly timeframe, even though the current price action is moving in an ascending channel.  The market is testing the strong resistance level that the price has pushed back from several times. Price pulled back after the divergence and double top. We expect a bearish move if price action breaks and closes below the trendline. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
7
DeGRAM | NZDCAD bearish continuation opportunity tradeNZDCAD is in a bearish trend, even though the current price action is moving in an ascending channel.  The market is testing the strong resistance level that the price has pushed back from several times. If the resistance level rejects the price, then we can look for a selling opportunity since the trend is bearish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
2
20 Reason for Sell NZDCAD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: sIDE WAYS TO DOWN SINCE 8 YEARS 2:📆Monthly: proper bear trend and market except at reversal points also making hl since four months 3:📅Weekly: 2rd swing hl with tweezers 4:🕛Daily: choch did start another bear move 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: choch done 6: 2 Pattern Candle Chart: long wick upside 7: 3 Volume: execution volumes and after increasing on bearish candles 8: 4 Momentum UNCONVENTIONAL Rsi: triple resistance at 60 also a head $ shoulder on a rsi 9: 5 Volatility measure Bollinger bands: m pattern with proper volume 10: 6 Strength ADX: sideways 11: 7 Sentiment ROC: cad is in power ✔️ Entry Time Frame: h4 12: Entry TF Structure: bear 13: entry move: impulsive 14: Support resistance base: 15: FIB: ☑️ final comments: sell 16: 💡decision: sell 17: 🚀Entry: 0.8441 18: ✋Stop losel: 8570 19: 🎯Take profit:0.7650 20: 😊Risk to reward Ratio: 1:5 🕛 Excepted Duration: 5 week
Short
by Optimum369