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NZDCAD trade ideas

NZDCAD @ SELLING NOW, 250+ PIPS PROFIT TARGET CONFIRM💰🎯📉📉📊 NZDCAD Price Forecast Analysis 🌐💹 OANDA:NZDCAD Traders, let's delve into the NZDCAD chart for a detailed forecast: 1️⃣ Breakdown of Upper Trendline: 📉 NZDCAD has broken below the upper trendline after encountering repeated resistance at the top of the uptrend. This suggests a potential shift in market sentiment. 2️⃣ Golden Crossover Confirmation: 📊 Adding weight to the bearish outlook, there has been a Golden Crossover of the 200EMA & 50EMA, indicating a strong resistance zone. 3️⃣ Change of Character & Bearish Candle Formation: 🕯️ A significant development! The market has shown a change of character, with a strong bearish candle forming after the resistance from the top of the uptrend. 4️⃣ Retracement Pattern: 🔄 Following the breakdown, NZDCAD is retracing multiple times, providing opportunities to establish selling positions. 🎯 Technical Targets: Keep an eye on technical targets at 0.8160 and 0.7980, as NZDCAD continues its downward trajectory. 🔍 Conclusion: With the breakdown of the upper trendline, confirmation from the Golden Crossover, change of character, and retracement pattern, NZDCAD is poised for further downward movement towards the specified targets. Stay informed and adapt your strategy as the market evolves! 📈📉 Remember, market conditions can change rapidly. Best of luck with your trades! 🚀💰 #NZDCAD #PriceForecast #BearishTrend Your likes, follows, and comments mean the world to me and keep me motivated to deliver the best content possible. Thank you for being part of this journey with me.
Short
by AlphaForex56
6
NZDCAD Strong Bearish Outlook {Alpha Forex}NZDCAD PRICE FORECAST; FOREXCOM:NZDCAD Bearish Outlook Technical Analysis: NZDCAD has repeatedly encountered resistance at the 0.8400 level, following a significant period of consolidation. The recent breakdown of the upward trendline is a clear indication of a potential shift in market sentiment. Furthermore, the bearish momentum is underscored by the 200EMA and 50EMA golden crossover, signaling the initiation of a bearish phase. Trade Setup: I have identified key order blocks for a potential sell entry. These order blocks align with the breakdown of the upward trendline and serve as strategic entry points for a bearish position. Targets: My technical targets for this trade are set at 0.8100 and 0.7980. These levels are based on a careful analysis of support zones and historical price action. Risk Management: As with any trade, it is crucial to implement proper risk management strategies. I recommend setting a stop-loss above key resistance levels to mitigate potential losses in case the market behaves differently than anticipated. Conclusion: In conclusion, the combination of resistance at 0.8400, the breakdown of the upward trendline, and the bearish crossover of the 200EMA and 50EMA suggests a strong bearish sentiment for NZDCAD. I have drawn order blocks for entry sell, with technical targets set at 0.8100 and 0.7980.
Short
by AlphaForex56
1
NZDCAD Under Pressure! SELL! My dear friends, Please, find my technical outlook for NZDCAD below: The price is coiling around a solid key level - 0.8278 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8237 Safe Stop Loss - 0.8304 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1