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NZDCADANALYSIS

NZDCAD LongThe price is following a falling flag/ channel according to higher timeframes (Weekly), it has reached the lowest trendline of the channel. It has broken out thus forming a bear trap. According to the lower timeframe (1H, 15 minutes), an ascending triangle is formed which might be a big indicator of a bullish trend. Let us wait for the price to break out of the resistance zone formed and now look at the long term strategy of the price. Entry @ 0.787 Target @ 0.796, SL @ 0.784 R:R 1 : 3 Remember, risk 1 - 2 % of the account.
Long
by Vapari_Inc
NZDCAD Long Trade SetupA bullish opportunity recently presented itself on the kiwi-loonie trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.79100 psychological level. A stop loss below the 0.79000 psychological level and a profit target anywhere between your entry and the swing high of 0.82534 could give you a reward-to-risk ratio as high as 7 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades. FX:NZDCAD Rooting for you! Your FX Plug
Long
by charles-okoukoni
NZDCAD SETUPThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
Short
by Tradelikemee
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