NZDCAD after the recent lows starts a retracement move. The price is moving within a long descending channel and bounces over the lower trendline. According to Plancton's strategy if the price will close above we can set a nice long order ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
NZDCAD is currently testing strong daily structure support. On that, the price is currently forming a double bottom formation. To catch a bullish move, wait for a breakout of 0.8778 local structure resistance (1H candle close above) Then buy aggressively or on a retest. Goal - 0.8832 In case if the price sets a new low hourly, the setup will be invalid.
Long NZDCAD @ 0.8817; TP @ 0.8993, SL your choice
If your going long your a fool. But thats why I'm publishing this-to change your mind. Bear flags, resistance at trend line and above the highs....Elevator going down. Enjoy
NZDCAD after the long descending downtrend reached and bounced over the weekly support at the 0.89300 area. The price has now reached the upper trendline and according to Plancton's strategy if the price will break above we can set a nice long order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Good morning traders, today we bring you our analysis in NZD/CAD, which we published last week and we were waiting for a break in the support zone. That is happening now, so we want to detail our vision. 🔸Summarizing the context, the price broke the ascending channel and the support zone after bouncing off a strong resistance zone. 🔸If we go to a lower...
NZDCAD is facing bearish pressure from descending trendline resistance. Prices might face resistance from 1st resistance which coincides with 100% fibonacci extension and 61.8% fibonacci retracement. Prices might push towards 1st support level which coincides with 61.8% fibonacci extension and -68% fibonacci retracement. If prices push past 1st resistance, prices...
➟ Price reversed from the top of an ascending channel after showing Divergence on the RSI, Price Breakout the channel and 50 EMA ✅ We will be waiting for a retest to the broken level and look for a bearish confirmation on a lower timeframe
Good morning traders, today we detected a good opportunity in the NZD/CAD pair and we want to share it with you. 🔸First of all, the price has been in an uptrend for a long time, and we can confirm this with the Ascending Channel. 🔸It recently bounced from a Weekly Resistance Zone. 🔸From there, a bearish movement began, and, for the moment, it appears to be a...
We're anticipating NZD weakness soon so this would be a great trade. We're just waiting for a pullback now and a retest before entering. Only issue is, the major wedge is still in tact so it could be that the retest may happen in the inner trendline. Watch for corrective price action and then enter on the retest. See links below as to why we're anticipating NZD...
We're anticipating NZD weakness soon so this would be a great trade. We're just waiting for a pullback now and a retest before entering. Only issue is, the major wedge is still in tact so it could be that the retest may happen in the inner trendline. Watch for corrective price action and then enter on the retest. See links below as to why we're anticipating NZD...
Looking at NZDCAD for a short here. Entered at 0.90687 with a stop above the swing on 1H chart at 0.9116. Targeting 0.89185, with TP1 at 0.9022. Here's why I'm taking this trade.... Price is bouncing off the 50 period SMA on the 4h chart. On the 1H chart, we can see price bouncing off the 200 period SMA.
Hello Traders, here is the full analysis for this pair. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in NZDCAD . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it,...
NZDCAD is currently taking support from ascending trendline support. Prices might pullback to 1st support which coincides with 100% Fibonacci extension . Prices might bounce from 1st support to 1st resistance which coincides with 78.6% Fibonacci retracement and 100% Fibonacci extension . If prices fall through 1st support, it might take support at 2nd support...
NZDCAD is currently taking support from ascending trendline support. Prices might pullback to 1st support which coincides with 100% Fibonacci extension. Prices might bounce from 1st support to 1st resistance which coincides with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices fall through 1st support, it might take support at 2nd support which...
NZDCAD have dropped 300 pips to the downside . The last higherlow breaks previous higher high and higher low too, so i am waiting a retracement to make a retest of these 2 zones. 0.89950 is a strong support zone too in weekly