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Nzdcadshort

Short NZDCAD for the week of 11/04/22 The recent bullish move met with some solid resistance in the 0.8760 region and formed support at 0.8625. Price was stuck in this range for about 3 weeks, but has now broken convincingly below it (on Fri). Most of the price action is below the 200dma and I believe that the bearish trend is ready to resume. A pullback to 0.8625 would be ideal as it gives us the possibility to have a reasonable stop loss while targeting the next support in the 0.8340 area. We have a 2.6R – 3R trade possibility that is line with the major trend. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista
4
Mon 28th Mar 2022 NZD/CAD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/CAD Sell. As you can see by al the lines and note son my chart, I have been busy on this pair. The main thing is that I am still in a partial Buy trade also, which gives me some protection. Enjoy the day all. Cheers. Jim
Short
by JAGfx
NZD/CAD trendline reversal update with a new short setup- NZD/CAD failed to broke trendline on the D timeframe and we saw weakness in the pullish movement. - We took this trade with market logic as we saw price is at a swing point (trendline - zone area). - Price already broke our last trendline on the correction move and we predicted the bearish movement also the breakout before it happens. - Price now hit our first target and already broke the last major support nearly at 0.85800. - We can wait for a correction to 0.85800 and then if we have a candlestick psychology confirmation we may put another setup at 0.83000 to catch 280 pips.
Short
by Sphinx_Trading