Nzd-cad
NZDCAD week 6-7 plan. PRofits +330 PIPS. w5 $$$$Overall
On week 5 CAD is dominant against all
NZD was one of the weakest by heat meter.
Therefore I will short NZDCAD for week 6-7
Weekly
Upward move with slight pullback now.
Daily
Sideway move, range
4H
Upward move, but sellers market signs
1H
Open SHORT
ENTRY 0.90350
SL 0.91500
TP 0.87714
RR 2.35
Downmove is going to happen on NZDCAD next week dont miss itWe are looking for down move on NZDCAD ... Trade with care
NZDCAD potential short Potential short position soon @ .92464 which would form a double top on the weekly trend
daily tdi looks almost oversold
NZDCAD 01.31.19 BUY SETUP APPROACHING #FOREX Buy Opportunities
As explained yesterday's live trading session, we were waiting for price to close above consolidation on the 1H & 4H timeframe.
Price has confirmed that movement. We now wait for pullbacks and signs of a reversal to take price to 0.91625.
View the chart for more detail.
Please wait sellers' exhaustion which is typically show by wicks and candlestick patterns on key disturbance zones.
Be patient and trade responsibly.
NZDCADThe previous trade went through the stop today, but now when looking at it, it's also not breaking up. It has formed a bearish wedge and it is still below that red resistance zone on the left. Therefore i am going to short it again. I will close 30% around the yellow circle, will move stop to entry as well when we close in on that target and i will let the rest run.
Normally i leave an asset when a stop gets hit, but these patterns still look too good.
Previous analysis:
NZDCAD shortStrong rejection on 4hr chart, should form a double top, target is just above the 0.38 fib level.
NZDCAD: Second Right Sholder at Important Resistance?NZDCAD didn't manage to trigger our short position as it found support right at the SHS neckline. The pair is now flirting with a major resistance level around 0.9070, with a third attempt to break above that level. A failure to break above could send the pair down again to the lower 0.89xx levels. Let's wait for the daily close and see whether a short is possible in the near-term.
Head and Shoulders patterns with multiple right shoulders are also a valid pattern to trade. It seems that a second right shoulder is about to form.
NZDCAD BEARISH CONTINUATION TRADE SETUPHi Traders,
The NZDCAD reversed from a weekly descending trendline that lined up with horizontal resistance level and made an impulsive move down "Wave W," which broke out of ascending trend line and support level.
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This pair has retested the broken zone and seems to have completed building bullish ABC FLAT corrective chart pattern "Wave X," which could indicate a continuation of the downtrend.
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Considering that we have a triple top pattern and bearish rejection candles on the daily chart further confirming the short bias, we will wait for the break out of the blue CTL for a conservative short entry.
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The take profit level is the descending channel support that lined up with the horizontal support level as projected on the chart.
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Wish you all a successful week ahead,
Veejahbee.
NEW TRADINGSTYLE - NZDCAD - SWING - 23. JAN. 2019WELCOME TO DACAPITAL-TRADING!
NZDCAD FOREX BREAKDOWN 23 JANUARY 2018
1 HOUR
Market exploded bullish into actual resistance area, good short entrys!
4 HOUR
Skyrocket without bearish pressure, expecting a turn now..
DAILY
Bearish-Sideways market structure with pullbacks, following this trend!
LEVELS
SELL NZDCAD
ENTRY @ 0.90620
SL @ 0.90900 (30 Pips)
TP @ 0.89570 (100 Pips)
RR: 3.75, normal swing trade!
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
NZDCADSELL OPPORTUNITY
HEAD SHOULDER FORMED, I EXPECT THIS TO SELL.
ALSO ON DAILY THERE REVERSAL PATTERN SHOWN FOR A WHILE NOW.
GOODLUCK
NZD/CAD Swing OppurtinityPotential swing opportunity forming on the weekly time frame for NZD/CAD.
Confirmations -
1 - Multiple rejections on the long term trend line
2 - Potential Head and Shoulder pattern forming on the weekly timeframe
3 - Retest of resistance
AUDCHF Testing Resistance, Potential ReversalAUDCHF is testing its resistance at 0.7129 (61.8% Fibonacci extension , 61.8 % Fibonacci retracement , horizontal overlap resistance) where a reversal to its support at 0.6970 (38.2% Fibonacci retracement , horizontal swing low support) may occur.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop may occur.
NZDCAD approaching resistance, potential drop!NZDCAD is approaching our first resistance at 0.9086 (horizontal overlap resistance, 50% Fibonacci retracement , 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 0.9001 (50% fibonacci retracement, horizontal pullback support).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NZD CAD BUY (NEW ZEALAND DOLLAR – CANADIAN DOLLAR)Hi there. Wait for the price to form a continuation pattern and watch strong price action for buy.
NZD/CAD Sell, short opportunity!Check and confirmed by all time frames!
This is a quick in and out trade!
NZD/CAD QUICK SCALPING OPPORTUNITYNZD/CAD HAS MADE SOME BEAUTIFUL MOVEMENT THIS WEEK BUT IT'S NOW TESTING SOME SERIOUS RESISTANCE HERE. SHORTING HERE FOR A QUICK 30 PIPS WITH A TIGHT STOP LOSS. DYOR!
NZD/CAD (Daily Chart) - Resisted by Bearish TrendlineAfter hitting the top of the major down trendline, the sellers have started stepping in to push the price down.
Consecutive bearish price bars show that selling is strong.
Will continue to ride my short positions.
NZDCAD Technical Analysis by @Trader_NicoPrice has been in a downward trend for 2 years and is currently at the top of the descending channel we are looking for a retest to go short around the price of 0.90-0.91. Possible catalyst being the BOC Statement coming up this week. We will be keeping an eye closely to catch the next leg down on this downward play.
