Perfect head & shoulders on this pair, finding strong resistance at high of 0.96. A bullish head and shoulders in an uptrend classifying as a continuation pattern, with added pressure at this level, a break would produce a push to the 1.00 mark. As a swing trader, this should provide plentiful opportunities to enter long positions on the lower time frame - specifically 4H.
NZDCAD has been Christmas time, it just keeps giving up pips and pips. If you're not in yet or you've been in and out, here's another chance to grab a quick 100 pips. It's pretty easy, we have a bear flag, we want to sell the break and target big support at 9300. If this pair can pull back towards the missed daily pivot we can get some nice entries short...
Price could retrace, in that case I would go long and follow the uptrend.
Hello Traders, This was an update posted on my previous $NZDCAD Daily chart. This is an internal development of two Wolfe Wave's. I have included Geo's Off-Set rule in grey for the smaller WW but expect price to break through this territory to complete the larger WW. From now on, I will post a song to go along with my charts. Almost like pairing Whiskey with a...
These patterns are pretty high probability, IF, they do breakout in a bearish manner. Lets see if it continues to develop. Happy trading
The pair is inside a large weekly corrective structure, we have seen 04 unsuccessful attempts to break above this structure previously and is looking like we once again are getting rejected, a confirmed break of the up trend would likely mean a good move to the downside in the short term and give an opportunity to go short.
Hello Traders, $NZDCAD is currently in a strong uptrend with no plans of reversing any time soon. However, looking at the overall structure, we can clearly see a Bearish Geo formation. To define points 5, 5', and 5" I always look for the completion of an AB=CD pattern. This is usually a good indicator or where price will reverse in the GEO'. The lines in red...
Considering a flat and then a move lower for wave D of the larger ending diagonal. Another high then a turn down. Or if the high is in, sell a correction.
Expecting a turn south here for three of C of the larger pattern. Abort above yesterday's high
Looks like an ending diagonal for the fifth and final wave. This would align with eur/cad and usd/cad which should have another move higher.
Si respeta los niveles semanales tendrá que bajar para retestear.
Price has now approached a strong resistance zone and is showing signs of stalling and i see the short opportunity here. I have entered according to the 4hr charts but will wait for the blue diagonal support line to be broken to add more positions. 1. Strong Resistance 2. RSI divergence 3. MACD4C divergence 4. 10 MA crossover TP1 @ 250 pips TP2 @ 450...
NZD/CAD has tested a strong Resistance zone at 0.9575 and reversed from that zone. Now i wait for a breakout to the downside and enter based on a breakout of a lower timeframe. The marked levels are support zones. I use these levels as my TP's. The SL should be above 0.958. Always follow your Plan, Daniel Likes and Comments would keep me motivated.