Will go short once the trend line is broken .
NZDCAD is approaching our first resistance at 0.9164 (Horizontal swing high resistance, 61.8% fibonacci extension, 50% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9077 (horizontal swing low support, 61.8% fibonacci extension). Stochastic (55,5,3) is also approaching resistance and we might see...
cad weakness is still going on, keep shorting cad until it breaks the support.
NZD/CAD BL@ 0.90350 TP @ 0.92350 SL @ 0.89350 Trading mindset: 1. Use 1% risk 2. 1:2 risk/reward 3. Wait for update to close manual! In longer term it pays off very well and keeps your capital safe! Breakeven: If you are correct 33% of the time, your capital is safe. Adopt this mindset in order to be successful trader.
GBPNZD is approaching its resistance at 1.8677 (23.6% & 61.8% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 1.8468 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is testing its resistance at 93% where a corresponding reversal could occur.
Also NZDCAD is following a downward trend on daily chart if you zoom out. Right now we are touching the top of that channel. Very good opportunity if price respects trend.
Hi there. Price has moved impulsively at the top of the pattern for one more drop. Wait for the price to form a continuation pattern on a lower time frame and watch strong price action for sell.
Short NZDCAD @ 0.9220; TP @ 0.9036, SL your choice
This pair is nearing the top of the large range, meaning the odds for a short trade are becoming better. The biggest question is where the bears will start stepping in. Currently, the momentum is still bullish, so I will continue to monitor for signs of red bars forming to signify the sellers coming in. It could happen at the current levels, or near the 0.96079 level.
Righ now we have the price of NZDCAD on a key level, we wait for a confitmation candle on H1 and we go short, this is a swing trade so hold it until you have 20pips running on profit and secure at break even, happy profits!
Monthly and Daily Time frames are bullish Have a pullback to the Senkou A (top of the cloud) which is very strong support area. the prior 2 candles 1am and 2am est. were indecision candles unable to push the market down. 2 Potential trades: 1. Cloud Bounce: A. If we get a Bullish engulfing candle off of the cloud we can enter the trade. Entry = approximately =...
ASX is approaching our first support at 5586 (horizontal overlap support, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong bounce might occur pushing price up to our major resistance at 5908 (horizontal swing high resistance, 38.2% Fibonacci retracement ). Stochastic (89,5,3) is also approaching support and we might see a corresponding...
NZDCAD is approaching our first resistance at 0.9228 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 0.9061 (100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence...
After running into overbought levels, this pair has seen a slowdown in the buying momentum, and most recently printed a bearish pin-bar (shooting star). This is a sign of sellers stepping in, and we could see price head down to test the prior support. I currently am short on this, and will continue to provide updates in my Telegram channel.
This little Cypher is about to complete on the Leg AB of a bigger pattern I'm looking at. Numbers look like this: Entry: 0.89812 SL: 0.8945 (Conservative) TP1: 0.90268 (.382CD 1.28 RR) TP2: 0.90550 (.618CD 2.07 RR)