🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸Now, it is facing the Ascending Trendline. . 🔸We have two possible scenarios here. In case of a breakout to the downside, we will consider a short trade towards the Support Zone. And, in case of a clear bounce, we will look for a long trade towards the Resistance Zone. . 🔸 Will look for a lower...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸It is facing the confluence zone between the Ascending Trendline and the Support Zone. . 🔸If this zone is broken to the downside, then the first bearish target is the main Ascending Trendline. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.895). 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...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.895). 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...
Price is testing support where we could see a bounce above this level.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
NZDCAD TRADE MARKED ON CHART PLEASE DO YOUR OWN DUE DILIGENCE AND ANALYSIS, TRADE AT YOUR OWN RISK
NZDCAD currently in a downwards channel and top channel is holding. This pair will start to make its way back down towards the bottom of the channel. Entry: Wait for confirmation with a daily bear candle close under the up trend line. Indicators: 1. Pair currently trading in downwards channel acting as resistance. 2. Historically this channel has held so...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
hey guys, confirmed bearish breakout of a neckline of a h&s pattern on NZDCAD. now bearish continuation is expected. if you missed that trade, the best entry is always on a retest. target levels: 0.883 0.880
Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current levels for sell.
The entry and exit points are shown in the picture
TF: 8 HR Price broke above the current consolidation area. I am looking for a retest of that level before buying for more upside.