NZDCAD, GIVE THE BULLS SOME SPACE!Hello Traders,
After that massive impulse in the 27th of March we have been looking for the perfect opportunity for a long position, however, our support levels didn't match, until now.
What we are looking for here is an H4 rejection in one of our support levels.
Give this trade some room because it can take a little bit to reverse, we can still see a move to our major support level, you can look for reversals in 1H and 15M in order to get a better entry, but remember, the lower the timeframe, the riskier it is!
Best of Lucks,
GlobalYouthTrading
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Nzdcadforecast
#NZDCAD Next TargetLast week we analyzed the following currency and this can be seen in the arrow above, We were in front of an important resistance and explained that as long as the nzd can not get around this resistance it is better to sell, indeed the nzd dropped slightly but to rise back and break this resistance, His next target is the next resistance at 0.9230
Buy NZDCAD:
Entry Price: 0.9165
Stop Loss: 0.9115
Take Profit: 0.9230
NZDCAD It's a Rising Wedge bro.NZDCAD Rising Wedge Pattern.
be Patient in every situation don't rush wait for the confirmation before entering.
Patience is the key to success.
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A downward trend here to stay! #NZDCADWe have been following this coin for several weeks now and it is still moving as we expected, The trend here is a significant downward trend with a large drop potential! the price is stopped exactly to the resistance of this bearish channel 0.9150 and directly triggers a decrease of 270 pips, for now, our recommendation remains bearish
Sell GBPNZD:
Entry Price: 0.8940-0.8960
Stop Loss:0.9050
Take Profit:0.8780
NZDCAD Technical Analysis D1+ SignalAs you can see in the graph above after each increase the price fell by an average of 1000 pips, At the moment we are about a drop of only 300 pips that means we have about 700 pips of price fall
Our signal: NZDCAD
Entry Price: 0.8932
Stop loss: 0.9150
Take Profit: 0.8300