NZDCADANALYSIS
NZDCAD- 400 PIPS SETUP NOT TO MISS!!Dear Traders, we have got good opportunity to sell NZDCAD at respected area, however, before we enter we got ensure that price comes to our area of entry, after that with stop loss above the horizontal trendline. Longer term bias is bearish in that sense, CAD is expected to bearish in longer term aim.
Let’s not miss this highly probable setup!
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NZDCAD Trading Plan - 10/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect NZDCAD to go Up after finishing this correction.
Look for your BUY setups below 0.85 level.
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Disclaimer : This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
NZDCAD: Bullish Breakout Price action has successfully broken the descending parallel channel. We can see Price has tested the Channel support and Resistance line on several occasions.
Bullish indications
Price action is achieving new Higher Lows and Higher Highs and a breakout starting from the median line of the channel is a good sign. Price has respected Fib level 61.8% which is now our support level which indicated use of fib level can be beneficial for TP and SL.
0.86365 is the next Resistance zone line.
Last 10 years Seasonal analysis indicates Zxy remains Bullish in December over 66% of the time while CXY remains Bullish only 50% of the time. No Divergence was Spotted.
Manage your Risk accordingly.