... now that that the Kiwies reelected the Communists. Of course it's Commie vs. Commie thus, this will be a massive short, eventually. But for now, it's a LONG. Here is the Daily
after all the technical analysis we can see that price rejected the significant zone the first time so, i think it will do the same this time. previously it was support now will turn into resistance which can give us an opportunity to take a nice short.
Hello Fellow Trader! CAD/NZD broke through a multi – month trend line and targeting at least 1.1500 Elliott Wave – CAD/NZD - Completing the B Wave of the possible ABC ZigZag or Wave 2. - Commencing the bare minimum wave C or extended impulse wave 3 to break A. Key Points: - Price below above the 200 EMA - Price holding above the 50 EMA - Fibonacci 78.6%...
Set a SELL STOP in the zone in the chart! Forex Guru Wealth Academy :-)
The CADNZD was under the bearish domain was able to reverse and break through the strong resistance zone. I could expect a pullback and retest of the critical region to further bullish continuation, allowing the placing of a long entry with the following characteristics. The order: Type: buy-limit S/L: 22 pips - R:R | 1:2.5 - T/P: aiming towards the trendline...
With the price action approaching an old support level from last year's April, we could expect a pullback before getting enough force to continue its downward movement. To the previous demand zone, this pullback will encounter a short entry to capture the bearish momentum ahead. The order: Type: sell-limit S/L: 41 pips - R:R | 1:3 - T/P: aiming towards the...
From a higher time frame, specifically W1, the price action has reached the ascending channel's support line. The price structure should now continue to the upper-level resistance. Now, diving into the price structure at H4 to get an entry-level, it is possible to realize that we need to wait for the breakout of the descending trendline before making any...
Price action took its time but happened. Hopefully, the market brings some bearish force before closing and reach the target. The order: Type: sell-limit S/L: 40 pips - R:R | 1:3 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
With the price action trending into a descending channel and bouncing from the 18 EMA, a short entry can capture the bullishness with the New Zeland dollar. With an expected pullback to the previous support level, the following order is placed The order: Type: sell-limit S/L: 40 pips - R:R | 1:3 - T/P: aiming towards a previous support level. -- *** If you...
The Canadian dollar has been into a consolidation mode, with CADNZD recently bouncing from a low level from December 2019 and experiencing a price compression, an uptrend breakout is most expected. It is allowing the placement of a buy order to capture the forthcoming upward momentum. The order: Type: buy-stop S/L: 73 pips - R:R | 1:3 - T/P: aiming towards the...
Price action under bearish pressure has reached a strong support level, now expecting the price to pullback will allow a sell-limit entry order. However, if the price action can manage the breakout of the current level setup, it will be changed to the same sell-limit. Still, entry at the current level, expecting the used retest of the level before downtrend...
About 1% potential gain Bull flagging now Good entry point Good luck
For observation purposes... Market getting ready for some drop, may want to get in on this one...
Previous analysis worked out very nicely, actually even seen both pattern play out. One quick drop (small bear trap) completing the wedge and because it was a wick also keeping the double bottom alive. So far it is looking very good, almost perfect even. Now this kind of trade can become a big win. If we see that bull flag play out coming days, it's the perfect...
NZDCAD seems to be shaping a nice bullish wedge at a long term support zone. Now the tricky part is, there is potential for a double bottom as well now, so maybe it won't reach the low of the wedge anymore. But instead of guessing, i am going to watch it coming week. Sometimes with a big double bottom pattern like this, with the sharp drop it made, we see a good...