Nzdcadshort
NZDCAD A Chance for Swing TradeNZDCAD is under the channel created in 2016 and still running in the channel. Now NZDCAD is touching the a strong resistance existed since 2016 and I am expecting a fall from 0.88659 . My this trade may take weeks or months to reach the bottom support zone.
If you like this idea, please like and share your thoughts in comments section.
Best Regards
NZD / CAD - Forecast (Trade In-Play)10:1 Risk Reward SMASHED!! - 100 pip reward with 10 pip SL
ONLY THE PRO's can pull something like this off - See my profile for ideas!
REVERSAL IDEA ( fake break out )price break previous trendline, but momentum is weak, price at sell zone 2:1
NZDCADPrice brokeout above the downtrend resistance and is currently printing a rising WEDGE + RSI bearish divergence signal. Breakout below wedge support could lead to retest of downtrend resistance + key fibonacci retracement levels ⬇️.
📢NZD/CAD Short Opportunity This pair broke out of its range and has come up for a retest. Looking to take it short 😎
The importance of the nape line on NZD/CADHello traders :) Today I wanted to remind you again of the biggest mistake made in this formation.
The biggest mistake in this formation is that the stop point of the positions opened in the closing after the breakout is not above the upper nape line.
In this chart I show you the perfect point for selling. DONT FORGET TO STOP IT ABOVE THE UPPER NAPE LINE THIS TIME :)
good luck....
NZDCAD Short. Head and Shoulders patternFX:NZDCAD
NZDCAD has formed a head and shoulder pattern in 4h. Look for sells.
NZDCAD High-probability Short SetupBearish continuation setup.
Entry Idea:
Entry from or near the current market price.
The red line is the invalidation level.
What's your view on NZDCAD? Kindly leave your thoughts in the comment.
Regards,
Veejahbee.
NZDCAD SWING TRADE FORECASTA sell can be around the corner for this pair. For the most part of this year, we have had this pair move to the upside to create a yearly high at the end of July. Of course, this high coincided with W supply trendline which have pushed price down consistently in the past. A second retest confirmed the area as a legit supply zone and we can expect price to continue moving down to find an area of demand. Currently, price is just at this year's support trendline area and a break/retest of this trendline will present a good opportunity to join in on the sell if you missed entering at the resistance around the 0.89000 area! It is note worthy to consider that this is a swing signal and could possibly take days or a week to come to the point of break/retest of support
NZDCAD head and shoulder pattern Nzdcad preints an head and shoulder pattern, curently there has been a breakout of the neckline and a retest,
We expect a fall in the currency pair up to 0.85700 region
Goodluck
📢NZD/CAD SHORT OPPORTUNITY TO LOOK OUT FORI posted this chart earlier this week. This pair just needs to complete a couple more moves so we can go short and take a nice R/R 😎
NZDCAD shortThe third touch on the trendline could be rejected for push downtrend. Although, it should be noted that the pair has made new higher highs so careful monitoring of this pair is important.
Potential entry @ 0.87684
SL: 0.87931
TP1: 0.86834
TP2: 0.85692
📢NZD/CAD H&S SETUP SHORT This might be a while off, but it looks like a good setup for the watch list 👀👀👍
NZDCAD - BEARISH BIASNZD - BEARISH
1️⃣ Investors continue to expect negative interest rates following dovish statements last week from RBNZ.
2️⃣ Fresh news showing Sino-American and Aussie-China jitters join virus woes and vaccine hopes to confuse traders.
CAD - BULLISH
1️⃣ Crude oil futures rose more than 2% to trade above $40 a barrel on Tuesday, after latest data showed China, the world’s top crude oil importer, took in 11.8 million bpd of oil in September, up 5.5% from August and up 17.5% from September last year.
2️⃣ Governor Macklem added that the BoC is not actively discussing negative interest rates but they are a tool the bank could use in case it needs to do more to tackle economic challenges caused by the pandemic.
3️⃣ CAD gathers strength on impressive Canadian jobs report. Unemployment Rate in Canada declined to 9% in September.
=====
TECHNICAL
=====
- We would like to short NZDCAD on SBR level + 61.8% fibo retracement on H1 chart.
- NZDCAD still in bearish zone.
