NZDCAD MULTIFRAME IDEA ** JUST AN IDEA. NOT A SIGNAL **
We can clearly see momentum has been lost within the 4 hour graph.
A range has been formed, once the trade shows us a breakout we could buy or sell.
We know the volume of buyers or sellers will be strong once the range has been broken.
Interesting pair to watch.
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Nzdcadsell
NZDCAD SHORTFormation of a double top on the weekly, daily, and 4H chart gives a strong indication that price will head downwards after experiencing bullish momentum for a period of time. Price is also at an important area of resistance at which I expect the price to be rejected and head downwards to form a bearish momentum.
Trading this pair using the breakout strategy.
SL: 0.88470 (-59.5 pip risk)
TP1: 0.86610
TP2: 0.85387
TP3: 0.84249
TP4: 0.83303
Let me know what you think. Let's get 'em pips :).
NZDCAD SELL IDEA FROM 0.87313 Price has reached a very strong resistance level at 0.87940 which lines up with the 0.61 level on the fib indicating a possible change of trend. My setup became valid when the daily candle closed strongly bearish at this important level. Therefore I am anticipating a swing low.
Entry : 0.87313
SL : 0.88370 (105Pips)
TP1: 0.84500 (270Pips)
TP2 : 0.8060 (670Pips)
1% RISK MANAGEMENT ALWAYS
EDUCATIONAL PURPOSES ONLY
NZDCAD potential bounce!
NZDCAD expected to reverse up to 1st support at 0.84441 where it could potentially react and bounce to its resistance at 1st resistance at 0.85598.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD approaching resistance, look out for potential reversal!
NZDCAD is approaching its resistance at 0.85820 where it is could reverse down to its support at 0.82797.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Short NZDCAD Move For Short-term/Intraday Trading SetupA short term downward move can be expected in NZDCAD, especially after the big rally because of falling crude oil prices (CAD is heavily reliant on crude oil prices). I feel that some government intervention will happen to cool off such dropping prices, leading to crude oil prices increasing a bit in the short term, thus giving some strength to CAD, which will cause NZDCAD to fall (expected target is 0.85100).
NZDCAD--Weekly Market Outlook from 06 to 10 April 2020
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NZDCAD potential bounce!
NZDCAD expected to reverse up to 1st support at 0.85981 where it could potentially react and bounce to its resistance at 1st resistance at 0.83459.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZD/CAD SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
NZD/CAD: Day-Swingtrade-preparation
Market Sell: 0,84320
Stop-Loss: 0,85100
Target 1: 0,83530
Target 2: 0,82990
Target 3: 0,82250
Stop-Loss: 80 pips
Risk: 1-2%
Risk-Reward: 2,60
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Peace and good trades
Irasor
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