NZDCAD - SWING - 04. JANU. 2020Welcome to our weekly trade setup ( NZDCAD )!
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1 HOUR
Bullish reaction and closure above main sr level.
4 HOUR
Strong breakout and pullback afterwards..
DAILY
Overall bullish market structure, good long entries!
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FOREX SWING
BUY NZDCAD
ENTRY LEVEL @ 0.91580
SL @ 0.91150
TP @ 0.92100
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Nzd-cad
NZDCAD for new highs? 🦐NZDCAD after breaking above the weekly structure at 0.91750 started a minor consolidation move.
If the price will move according to Plancton's strategy we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Fakeout Play On NZDCAD at 0.911
Standard fakeout trade opportunity.
Price briefly crosses above the 0.9110 level and fails to hold above.
After seeing price fail to close higher for one 4-hour session, good timing to optimize entry.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
NZDCAD at a new bullish move? 🦐NZADCAD after the last impulse until the 0.91450 area, retraced back until the 0.89900 area.
The price from there found a support and start and moved up until the 0.90500 where it found a minor resistance.
IF the market will manage to break above the structure we can set a nice long order according to Plancton's strategy.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NZD/CAD Short SetupIf we can get a nice bearish close below the blue line these is a great opportunity to sell this pair.
After breaking the trendline we saw Bulls trying to get back in control by making a higher high but bears a still under control and strong close below the level would be a great indication of a move to the downside.
NzdCad..unless 0.91 gives way...if not....Seeing weakness in this pair but yet to have any good confirmation...let's wait for 0.91 to hold or break...if it holds..likely more up side.
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#trading
#forex
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
💡 Don't miss the great sell opportunity in NZDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.91). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 35.
Take Profits:
TP1= @ 0.8995
TP2= @ 0.8930
TP3= @ 0.8860
TP4= @ 0.8780
TP5= @ 0.8625
SL: Break Above R2
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Now, It's your turn!
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ForecastCity English Support Team ❤️
💡 Don't miss the great sell opportunity in NZDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.91). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 35.
Take Profits:
TP1= @ 0.8995
TP2= @ 0.8930
TP3= @ 0.8860
TP4= @ 0.8780
TP5= @ 0.8625
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NZDCAD looks for a retracement 🦐NZDCAD after bouncing over the weekly support at 0.86450 created a nice bullish impulse until the 0.90850 area.
The price never retraced back and now reached the ascending weekly trendline and testing it.
It will be likely to see a retracement move and if the price will break below the 4h support structure, we will set a nice short position according to Plancton's strategy.
-----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
How to trade the Breakout at NZD/CAD? / Swing TradeGood morning traders!
🔸Today we find an evident breakout in the Resistance zone in the NZD / CAD pair. The current price is the highest level that has been reached this year.
🔸The scenario that this pair is presenting may offer an excellent opportunity for a medium-term bullish trade.
🔸After the current Resistance level (0.90500), the price has a clear path to the next Resistance zone (0.92500), which gives a clean move of approximately 200 pips.
How could we take a position in this situation?
🔸Of course, many traders will be taking positions in the current movement, but we believe that having a little patience can give us a better trade.
🔸This is mainly due to the first move being a potential fakeout and canceling the direction.
🔸On the other hand, if we expect a clear break, and then a consolidation (corrective movement), we can have a confirmation of the price and also a higher Risk / Reward ratio.
🔸The ideal situation is a corrective structure with a clear pattern (triangle, zigzag, flag, pennant) and a pullback to the Support Zone. Once that structure is formed, we will trade the
breakout, with the stop loss behind the structure, and the take profit in the next resistance zone.