Get started

NZDCADANALYSIS

NZDCAD, price action explained. Hi Traders, NZDCAD has been moving within a LTF descending channel which we got a breakout and now forming a correction. This could be an indication price may move higher to the upper boundary of the HTF channel or price could simply fail to push higher and drop down back into this channel. Watch the price action before finding an entry, make sure follow your trading plan before placing an order. Good Luck! Click the like button if you agree with this idea. Comment below and share your view on this pair!
by ktlfx
NZD/CAD Will it make the retracement now?Monthly: In monthly time frame the price is over extended. Also, there is an extended M formation, and the price created an imbalance where I expect to set my take profit to the imbalance area. We could definitely expect a move to the upside. Weekly: The price is overextended so we could definitely expect the correction to the upside. The price is in confluence with the higher time frame. We could definitely expect a move to the upside. Daily: There is an impulse correction pattern. The price is in confluence with the higher time frame. We could definitely expect a move to the upside. All the confluence are in our side. The situation here is clear the movement to the upside is most likely to happen.
Long
by Wiiso
6
NZDCAD Long OpportunityHere is my analysis for NZDCAD for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Long
by bluesignalfx