looks like Wyckoff distribution schematic is in play
NZDCAD is trading within a wide horizontal trading range on 4H. Yesterday its support was reached. On that the price formed a dodji candle and was nicely rejected. Taking into consideration that the market is currently trading in sideways, I expect a bullish move. Goals: 0.919 0.9208
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9225). 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...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9225). 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...
NZDCAD is ranging between the 0.91450 and the weekly resistance. If the price will break above we can set a nice long order 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...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9165). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.9165). 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 uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current levels for sell.
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/CAD ⚪ Technical Analysis : Since the 20th of January 2021, once the price got a strong rejection on its main trendline,...
Still in an uptrend. Want the price to come up higher potentially create a head and shoulders. The reaction off daily highs & the second shoulder would give us our entry confirmation. Looking for lower highs and lower imoulsive lows.
Possible short opportunity on NZDCAD. Price has struggled to break resistance at 0.9220 and so we may see some bearish momentum. A break in the marked trend line will call for a short opportunity as the price may break out of the 0.9170 level and retreat down to support at the 0.9060 level. Be cautious as price approaches the 2000 EMA on the 4H chart as this...
Price at the moment pullback from the resistance and we will now see if the price pullback from support or break through, in past it broke the downtrend channel and now we have uptrend channel. The price is above 200ma, however we are at the point where the channel can break and break the support making a downtrend channel. So far looking in the day time frame...
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/CAD ⚪ Technical Analysis : Since November 2020, the price has been following an interesting trendline, bouncing on it...
Hey traders, NZDCAD has shown strong bullish momentum the past 4-5 days after the break of the resistance trend line (A), after a bullish run NZDCAD has recently hit the 78.60 Fibonacci level, this level has been respected and has shown strong rejection. Price has broken the support trend line (B) and is showing bearish momentum, this can be expected from this...
Possible short opportunity on NZD/CAD. following a break out from the uptrend, the price has returned with bullish momentum and has now reached an area of resistance. Following a break in the trend line, bearish rejection at this zone (0.9190), and signals from the MACD and RVI I believe we could see bearish momentum down to support at 0.9050.
If NZDCAD can reject the 0.618 fib on the 4h chart we can look for more bearish selling.
It seems like the final upside wave is about to take place. Most likely it will be a fast move towards one of the resistance levels, but only as long as the support holds.