NZDCAD - Buy Long - Parallel ChannelNZDCAD - Buy Long -
Ascending Parallel Channel for NZDCAD, price is at bottom of channel, could be good RR to buy now.
Nzdcadtrade
NZDCAD WEEKLY TIME FRAMEA good long opportunity can be made at 0.82350 as it is forming bullish FLAG pattern. position can be made with the target of 0.86000 and with the stop loss of 0.82110.
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Trading Idea Regarding NZDCADAccording to my analysis this currency pair is going down for the upcoming week
1-Strong Down trend
2-Fallowing key levels repeatedly
Do not get confused by watching dojji canndle to understand the formation of the doji candle take a look at 4 hour chart
as you can see price first make new lower low then retest the key level and start coming down...this move appear as dojji candle on daily chart so don't think it as trend reversal candle
NzdCad can reach 0.9After finding strong support in 0.8620 zone, NzdCad reversed and made a first leg up to 0.9 figure.
Now the pair is correcting this move and this can be a good chance for bulls to get onboard
0.8780-0.88 zone is strong support at this moment and dips to that zone should be bought for a new rally to 0.9 zone
NZDCAD Bearish Scenario (Weekly TF)We had some good bearish movements on this pair for the past few days, but for now, there's a possibility of observing some bearish momentum as the price approaching the weekly key area! Any daily bearish candle on this pair will be an indication of bearish momentum!
NB: I posted H4 analysis for this pair a few days ago, visit my page to view it!
NZDCAD - LONG; BUY it up on any pull back hereAnything below 0.8900 will do, hopefully the 0.8840-0.8860 range, probably early next week.
The Daily;
NZDCAD, Price Rejection, LongNZDCAD, Price Rejection, Significant Support, and Momentum Soaring High. Watch out!
NZDCAD Bulls are Ready to Take OverNZDCAD's current chart pattern is unfolding as a bullish Elliot Wave impulse structure. Price seems to have completed wave (iv) of 3 which set a stage for another rally in wave (v) of 3.
Price has also rejected a weekly support area that lined up with a moving average. The potential price target is within the blue zone on the chart.
Sell signal at resistance# Support broken
# Tested as resistance
# Sell signal printed
Selling @ market price 0.87870 with
# SL above resistance @ 0.88197 and
# TP lower down around support @ 0.87103
As usual, always exercise healthy risk management...
COULD NZDCAD OFFER SIGNIFICANT LONG TERM UPSIDE MOVE?Hi Traders,
The 4-hour chart of NZDCAD shows a bullish move from October 2018 as a classic five-wave impulse in wave (A) "black."
According to the Elliott Wave theory, a three-wave correction in the opposite direction follows every impulse pattern. And indeed, the rest of the chart reveals an A-B-C zigzag correction in wave (B) that rejected the 38.2 Fib ratio and support level so far.
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If this count is correct, there is a complete 5-3 cycle to the upside, and this means another five-wave bullish impulse can be expected in wave (C) from now on.
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Given that the bulls already made the first impulse in wave 1 of (C), and we have a three-wave a-b-c regular flat pattern in wave 2 of (C) that reversed from 78.6 Fib ratio, a bullish continuation is expected in 3 of (C) whose potential target lies between 1.618 - 2.618 as planned on the chart.
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The Friday's bullish engulfing candle on the Daily chart further confirm the completion of wave 2 correction and could be used as a signal to enter the bullish setup.
Safe Trading!
Veejahbee.
NZDCAD Short trade FX:NZDCAD
Bull rally trend line broken, price had pulled back up and re tested the level as resistance but I missed the entry. We now have a structure that is offering a second opportunity to short.
Sell @ market price 0.90811
SL @ 0.92002
TP @ 0.89497
