Could retrace at 50% again and continue further up
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Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8501). 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 (0.8501). 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....
hey traders, It looks like NZDCAD is finally going to reverse. from summer the market started to slow down and with the formation of the higher low, I think that the sentiment is steadily changing from bearish to bullish on this currency pair. one thing that we need is the bullish break and close above the neckline - 0.85 level. then we are free to buy the...
Last week's trade set up played out perfectly. Awaiting a retracement now for a new push to the upside potentially making new highs
NZDCAD SHORT IDEA Overall higher time-frame analysis shows that price action has been majorly bearish Current price action is near the daily 38.2% fib level as well as a weekly resistance level around 0.8500 To support our bearish sentiment we would like to see strong bearish setups coming from the current level and pushing down toward 0.83500 Upon a break and...
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.
ENTRY: 0.84500 TP1: 0.84200 TP2: 0.84000 SL: 0.84700 Chart time frame - 4h Time for reaching TP - 1-3D Follow, Like, Share or Comment Thanks on supporting! All best!
NZDCAD is approaching a strong level of resistance. We have an opportunity to catch a retracement. pay close attention to a potential head and shoulders formation. market is currently forming a right shoulder. let it complete it and then look for an occasional breakout. Target levels will be: 0.844 0.841 stop will be above the right shoulder.
NZDCAD is approaching a strong level of resistance. We have an opportunity to catch a retracement. pay close attention to a potential head and shoulders formation. market is currently forming a right shoulder. let it complete it and then look for an occasional breakout. Target levels will be: 0.844 0.841 stop will be above the right shoulder.
ENTRY: 0.83750+- TP1: 0.83500 TP2: 0.83250 SL: 0.84060 Chart time frame - 4h Time for reaching TP - 3 - 48h Follow, Like, Share or Comment Thanks on supporting! All best!
Looking at NZDCAD we had a clean break of the previous correction wave. Looking for a retracement to execute a good RR position. 0.85000 first TP.