Nzdcadshort
NZDCAD short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
nzdcadnzdcad in higher time frames looks over extended. i am waiting for a retracement on this pair.
in h1 time frame structure price is making lower highs lower lows.
I am sell this pair with target demand zone , 0.9050 zone
NZD CAD SHOT Coming Soon Price has made to the point where possible reversal can happen
We have regular divergence but hidden divergence also which means the continuation of the trend to some time
whereas EW point 5 and Redline are weekly and monthly resistance zone from where we can except the possible reversal.
Go to the 1H TF and wait for break and restest of the trend line for SHORT ENTRY
please share your thoughts if you like the idea.
NZDCAD: BEARISH Retracement Occurring...38.2 FIb Level!!We managed to see a BEARISH engulfing candle today which may signal to us that the movement above 1.618 fib level could be a potential fakeout and that a BEARISH retracement is about the occur. I will be looking for a 38.2 fib level retracement which is also the support level @0.8940. As of now, I will target this level before any further any update.
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NZDCAD Roadmapcurrently, we are seeing price testing the resistance level and we need to wait for price rejection to occur before placing any sell order, ideal downside target price at the 0.8870 support level. good luck traders!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDCAD - Bearish BiasNZD - BEARISH
1️⃣ As caution of accelerating infection rates of the novel coronavirus.
2️⃣ The risk-off pressured the antipodean currencies.
CAD - BULLISH
1️⃣ Boosted by a rise in oil prices and hopes that a coronavirus vaccine may be available soon.
2️⃣ Canada’s annual inflation rate rose to 0.7% in October from 0.5% in September and above forecasts of 0.4%.
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Technical
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We are looking to sell the NZDCAD at SBR on the H1 chart.
SELL NZDCAD- TRADING SIMPLEHello, I see the price reached a strong resistance, I consider Sell.
TRADING SIMPLE
SELL NZDCAD around 0.90300 - 0.90500
TP1 around 0.88800
TP2 around 0.87700
TP3 Optional 0.87000
SL around 0.91000
Short Position on NZDCAD-4HHello Traders!
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🚀Sell Execution according to the market.
NZDCAD SELL ENTRY The candle has rejected from the resistance in the daily timeframe. With a perfect shooting star formation, I'm looking for sells once market opens.
SL and Tp indicated in the chart.
NZDCAD SHORTPrice inside 4hour OB, with a couple of rejections of 0.5 equilibrium
Want another test of that area for shorts
NZDCAD - Big short sell opportunity almost readyNZDCAD is in a very high value aea right now. It has now complete the 3rd touch of ascending channel structure in cmmbination with double top areaa (inflection point) in higher TF structure. This is a very igh value area to sell.
Nevertheless, with we must pay attention to how the price approaching this area with impulsive leg. Because of that, I cant take any trade here blindly.
We need first to wait for a little bit of confirmation before executing any trade. One thing for sure is I will only look for sell setup in this area. All we need now is an impulsive rejection from this area to the downside, continued by a break of bearish continuation structure (ie: bearish flag, rising wedge, pennant, etc).
In this area, if I get this bearish continuation structure, any break from this continuation patttern even on small 15m TF will do and will trigger my short sell entry with sl above the continuation structure.
Good Luck..
