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Nzdcadshort

NZDCAD 4 hour SHORT OPPORTUNITYHello Everyone Not long to go until the markets open! here is a potential four hour short setup on NZDCAD, Price is already at our AOI (Area of Interest) and we are waiting for a confirmation at this level to short it! We have two possible entries for you! First entry is at the current level off the 618% fib level, trendline touch, ema and support now turned resistance. The second and safest entry would be a break and retest of the small counter trendline. if you plan on taking this trade then make sure you go down to the smaller timeframes 1hr/15mins and look for some nice rejection or engulfing candles! 1:4.91 RR with a 45 pip stop loss useful? then why not join our free telegram group for more chart ups, entries and analysis - Links Below!
Short
by FLY_TRADING
NZDCAD approaching 1st resistance, potential for a reversal!Price is approaching 1st resistance, which is in line with 61.8% Fibonacci retracement and horizontal swing high resistance. We could potentially see a reversal at this level and further downside towards 1st support, in line with 61.8% Fibonacci retracement, 127.2% Fibonacci extension and horizontal pullback support. Price is holding below both descending trendline and moving average resistance, showing signs of bearish pressure in line with our bearish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
NZDCAD Descending triangleHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. NZDCAD moving in a descending triangle there is a string of lower highs which forms the upper line. The lower line is a support level in which the price cannot seem to break. In the chart above, you can see that the price is gradually making lower highs which tell us that the sellers are starting to gain some ground against the buyers, lets watch and eat some pips together Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
Short
by Bexi03
More Bearish Pressure on the NZDCAD The NZDCAD is about to test the strength of the ascending trend line. If it manages to break down below it on the third attempt, this would likely allow the pair to probe breaking even further down south - towards the previous swing low. Upon completing the last 1-5 Elliott Wave Pattern, the pair is currently developing a corrective ABC pattern. Notice that the AB retracement is taking the form of a Dead Cat Bounce, which confirms the bearish expectations. Moreover, the Bounce peaked below the 50-day MA, which represents yet another selling indication.
Short
by Trendsharks
3