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NZDCADIDEA

NZDCAD long trade idea (update!)Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
NZDCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
5
NZDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
NZDCAD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 02 M > Market was moving in a downward channel, however price has broken channel to the upside and now testing monthly supply zone. W > Price has formed two over extended W formations and can see loss of momentum and also bearish divergence. We expect drop in price however in its current bullish move it can continue to rise to test weekly resistance. D > Market is in overbought state however no sign of reversal can be seen currently. In massive bullish move we must see a reversal on daily chart for a confirmed sign. As per COT NZD further added both Long and Short bringing Long to the highest for the year, ZXY has gained strength all of November, it is now testing a major resistance level. We can expect some correction to the downside for NZD. CAD added both Long and Short positions, improving net positions though still in -ve. N-R also added both Long and Short greatly improving cumulative net positions, in +ve. CXY strengthened last week and is testing monthly resistance. We can expect correction to the downside this week. 4H > Price tested supply zone last week and after rejection has returned back to test same zone again. We can see bearish divergence but must see formation of LL for bearish reversal. Pair Correlation > NZDCAD has positive correlation with NZDCHF, NZDUSD, NZDJPY, GBPCHF and GBPCAD and negative correlation with EURNZD and GBPNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
1
NZDCAD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
NZDCAD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market was moving in a downward channel, however price has broken channel to the upside and now testing monthly supply zone. W > Price has formed two over extended W formations and can see loss of momentum and also bearish divergence. We can expect drop in price. D > In bullish impulse we can see bearish candles at two key levels that will now act as demand zones. Market is in oversold zone and can expect a drop soon. As per COT NZD further added both Long and Short improving net positions to max for the year, ZXY has been gaining strength for past 3 weeks, it is now testing a major resistance level. CAD further added Long but closed few Short positions. CXY lost its gained strength during the said period. CAD currently has balanced Long and Short open positions and NZD has +ve net position. Hence in current situation we do not see any reason of price turning bearish unless either NZD weakens or CAD strengthens, which can be monitored closely with other NZD and CAD pairs. 4H > Price is moving in a bearish flag and a breakout to the downside can be expected. Pair Correlation > NZDCAD has positive correlation with NZDCHF, NZDUSD and NZDJPY and negative correlation with EURNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
NZDCAD Roadmapcurrently, we are seeing price testing the resistance level and we need to wait for price rejection to occur before placing any sell order, ideal downside target price at the 0.8870 support level. good luck traders! **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
NZDCAD approaching the supply zonecurrently, we are seeing price forming a higher peak and higher trough series, we have room to go down to the 0.8828 level as a target level if the seller manages to hold the price at the supply zone, wait for the price rejection! good luck traders ;) **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX