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Cadnzdshort

🚨CADNZD is Ready to Fall ➖5%🚨✅ CADNZD has managed to break the 🟢Support zone(1.213 NZD-1.202 NZD )🟢, SMA(200) , Yearly Pivot Point(1.202 NZD) , and the Support line . 💡We can consider the movement that CADNZD started about a year ago as a corrective movement in the direction of its previous main movement, which was downward and with high momentum. 🔔I expect CADNZD to continue its downward trend in the coming weeks and drop to at least 1.152 NZD. Canadian Dollar/New Zealand Dollar Analysis (CADNZD), Daily time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
CADNZD H4 SHORT PRICE ACTION FORECAST 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 previous high from the right shoulder formation happened last month -- *** 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!!! ***
Short
by OGFXTRADER
CADNZD H4 SHORT PRICE ACTION FORECAST 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 like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
CADNZD H4 SHORT PRICE ACTION FORECASTPrice 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 continuation. S/L: 130 pips - R:R | 1:2.2 - T/P aiming to support the red dotted line's level.
Short
by OGFXTRADER