Strong Resistance for NZD/CADAfter getting rejected by the strong resistance at 0.88500 we can expect the price to go in a downward direction to touch the bullish trendline as drawn by me or the targets shown by the Fibonacci retracement only if today's candle ends up closing in the red.
And don't forget to apply a stop loss while trading, so keep an eye on the economic calendar because any unfavorable news related to NZD/CAD will lose a trade.
DYOR/FOMO
HAPPY TRADING!
Nzdcadshort
NZDCAD [H4] Price is still Swing H/L Sideway 🔥🔥NZDCAD Price is still Swing H/L Sideway, so think when price goes up to test resistance.
will have a comeback Resistance is about 0.886 - 0.888.
When the price touches this zone, it is recommended to sell in that area.
SL above resistance
Goodluck Trader
TonTrader | TamjaiTrader
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--Breakout-----
(1) Wait for a clear Descending triangle to form.
(2) Sell when price breaks the triangle low.
(3) Stop Abouve the previous High.
(4) Target 1 Is the Distance Between The Mouth Of The Triangle Added To The Breakout.
(5) Target 2 is a 100% extension of the first impulse move.
-----PullBack-----
(1) Wait for a clear Descending triangle to form.
(2) Wait for price to break and close below triangles low.
(3) Sell pullback at the broken lows.
(4) Stop Abouve previous High.
(5) Target 1 Is the Distance Between The Mouth Of The Triangle Added To The Breakout.
(6) Target 2 is a 100% extension of the first impulse move.
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Past performance is not indicative of future results.
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NZDCAD TO CONTINUE WITH THE BULLSAs we have seen, price has broken above this key level with bullish pressure.
We also see a break outside the corrective downtrend.
We could see further upside on NZDCAD after a pullback.
We'll be watching for early retracements, pullbacks at key levels, any trend continuation techniques to get us in.
NZDCAD TO KEEP PUSHING LOWER?Since the deep fall from the level of 0.88700, we have seen price continue to create lower lows and lower highs to continue the downtrend.
We just recently broke below a support level at 0.87800. Until we see a break above, we remain bearish and will look for sell opportunities.
If we find a break above then we could switch out bias from bearish to bullish. New targets on this sell would be a new low along the trend.
NZDCAD Sell Zones right now price is in the down trend and we are looking to get in to sell position first zone is our first entry and stoploss of that will be end of the zone if it hits our SL we will open another sell position at next zone with stoploss of 5 pips above the zone and both of the TP would be the zone down below
NZDCAD ANALYSISWe have this pair following our last update and continuing to move down.
We expect a fall to 0.87800 and a bounce from that level to the upside.
If price gets to 0.87800, it would be regarded a higher low on the 4-hour and daily timeframe.
We could see the bounce from there. As for now, we remain patient, riding with the current profit on this pair.
nzdcad sellnzdcad sell :
Reasons :
1)there is a nice pattern trend formed in 1h,4h,1d timeframes
2)a bullish pin candle is formed as marked in the previous days which indicates perfect entry for sell
3)bearish naked candle confirmation in 1h,4h time frames
take profit : green line
stop loss : red line
wait for my confirmation to place trade