NZDCAD Short in D1i am NZDCAD Short in D1 because there is rejection from trendline on a resistance + convergence + formula candle with high volume
Nzdcadtrade
NZDCAD Local Short! NZD-CAD is retesting a falling resistance line
And the pair is in the downtrend overall
So the pullback from the resistance
Is likely with the target being
The local level below
NZDCAD possible sell zone!!NZDCAD (4H) has failed to create a lower low, instead has created a higher low in a downtrend. As the daily market is over-extended to the downside, the price is likely to go for a retracement to the upside. The most important area of value is 38.2% fib on daily and 20EMA could be an important area of value to sell.
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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.
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...
