Nzdcadshort
NZDCAD facing bearish pressure, potential for further downside!Price is holding below the descending trendline and moving average resistance, showing bearish pressure in line with our bearish bias. We could potentially see price reverse at 1st resistance, in line with 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance, and drop further towards 1st support, in line with 61.8% Fibonacci extension and horizontal swing low support.
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NZD/CAD New Trade With Huge Risk Reward 1:5.5 Let`s Catch This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
NZDCAD ON A BEARISH TONE
Trading below the strong level, the pair is failing to break it through, opening potential short opportunities keeping the pair trading in a range.
Closing hourly candle in few minute could give further confirmation on bias.
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NZDCAD LONGTERM Projection! SELL FIRST BUY LATER!Technical Analysis
1. LARGE Expanding Megaphone with Flagpole
2. (Current Market is going down after breaking out of a falling wedge pattern.
3. Using trendline to connect 2 touchpoints we find our 3rd touchpoint sitting on Fibonacci Retracement Level of 0.618 (Golden Zone)
4. Fibonacci 0.618 level is also sitting on structure/key level with 2 support. (Horizontal and Trendline this will give us an area of confluence providing us with strength in the support level)
4. Using Fibonacci Expansion, we can find our potential market take profit level which is also the height of the flagpole.
NZDCAD - SHORTFailure to break above this resistance level and we will see a continuation towards the downside for NZDCAD
🔹Disclaimer: This Chart set up is to be used for educational purposes only, this information is not a recommendation to BUY or SELL.
🔹Seek Professional Financial advice if you are going to invest or trade in the FX Market
NZDCAD short from 0.8925Hi Traders,
This is my view on this cross for the next few days.
#NZDCAD
SELL 0.89250
SL 0.9006
TP 0.8757
FIRST, WAIT FOR THE PRICE TO RETEST THE STRUCTURE
TAKE A LOOK TO MY MULTI-TIME FRAME ANALYSIS IN THE COMMENT SECTION BELOW
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Trading Kitchen
NZDCAD: my multi-time frame analysisHi Traders,
This is my view on this cross for the next few days.
#NZDCAD
SELL 0.89250
SL 0.9006
TP 0.8757
FIRST, WAIT FOR THE PRICE TO RETEST THE STRUCTURE
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Trading Kitchen
ALpha Trading Group is back!!! NZDCAD breakdown!!Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on NZDCAD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
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Alpha Trading Group.
NZDCAD under seller pressure
The pair has recently managed to close below the support level, potentially opening short opportunities. Waiting for an hourly candle to complete for bearish confirmation
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*** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***