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Nzdcadshort

NZDCAD: Be ready to SHORT on this Opportunity!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/CAD ⚪ Technical Analysis : Since November 2020, the price has been following an interesting trendline, bouncing on it many times during the last few months. Once it reached the main resistance zone at about 0.92500 on the 6th of January 2020, it just quickly and heavily collapsed back to its main trendline, getting then, a strong trend correction. It has currently re-testing the S/R zone at about 0.91500 and the next price action on this area will be essential to understand the next market movement. 🔴 Conclusion : The last bullish impulse wasn't able to break the 0.92000 level and it could be a nice sign of market weakness. I'll be waiting for more sessions to understand properly the next direction but I'm currently confident to see the price falling down until the main trendline. I'll update this idea with a clear Signal as soon as we'll get a clear rejection on that level. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your
Short
by FXtrades-gp
8
NZDCAD: The Price BROKE the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : NZD/CAD ⚪ Technical Analysis : In the weekly time frame, since March 2020, the price has been moving in a clear uptrend and one week ago it reached and got a rejection around an important weekly S/R zone. In the daily time frame, the price is still following a strong ascending channel, it has just got a rejection on its dynamic support on the 6th of January and it's now retesting a daily S/R level. In the h4 time frame, the price broke its descending channel only one day ago and it's now retesting a resistance level. The next price action will be essential to understand the next market movement. 🔴 Conclusion : The price has just got a rejection after a clear descending channel and I'm confident to see the price falling down until the next support level at 0.90500. I'll be waiting for a proper rejection on the current level before entering short in this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
10
NZDCAD – Big SELL opportunity in front of out eyes2020 finally prove to be the time for NZD bull,.. I have been forecasting for a trend change to bearish for several weeks now, but rarely get a proper entry trigger and the price just continue to slowly trickle to the upside especially in this last 2 month that is quite choppy in my view. Will 2021 finally start to favor the bear?? This is a hard question to answer, however one thing that I know is from the technical standpoint it says so,.. and it will be a MASSIVE one. NZDCAD price is now really at the top (high value area) of High TF ascending corrective structure. We close last week with a clear momentum to the downside. I see no other option to make use of this upcoming bearish trend beside from take the short entry as early as possible as it shows any sign of reversal. I’m now waiting for just one more trigger for the price to confirm the move to the downside and trigger my short entry. I’m expecting the price to form a small bearish continuation structure (H1 or M15 depending on structure). I will take a short entry as the price break the bearish continuation structure. Lets see how will this pair develop. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal