Nzdcadshort
NZD/CAD at key resistance💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
NZD/CAD could see some down movement next week. This pair has approached key resistance and we believe that price will not have enough momentum to breakthrough this daily resistance zone.
Let us know what you think about this idea.
Trade safe !
NZDCAD, BIG Picture...Strong Monthly,Weekly,Daily TrendLine.
M,W,D Bullish Channel.
M,W,D Strong Rejection Zone.
CAD trying to be pretty manipulative because of OIL's movements.
However It's nearly not possible to break that level easily.
I am expecting a Strong Pull Back from 0.885 zone till 0.87 level atleast.
NZDCAD SELL TRADE SETUP FOR INTRADAY.NZDCAD SELL TRADE SETUP FOR INTRADAY.
Look for Sell after Confirmation: 0.88800 to 0.89000
STOPLOSS: 30 to 40 Pips 0.89300-0.89400
Take Profit: 0.87900
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
NZDCAD/ Sell Wyckoff & Institutional BiasNZDCAD has reached its D1 Mitigation zone on the body, looks like it could push up to the mitigation on the 50% of the Institutional candle.
I've already made my first entries on that first green line and I'm looking to enter my other entries on the black line above. Another thing that confirms my sell is the wyckoff schematic . Price has reached its UTAD area which signals a major reversal and long time sell. The risk to reward ratio used here is very good (5:92)
Use proper risk management and safe trading.
NZDCAD SHORT TRADE SETUP FOR INTRADAY TRADENZDCAD SHORT TRADE SETUP FOR INTRADAY TRADE
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
NZDCAD SHORT TRADE SETUP FOR INTRADAY TRADENZDCAD SHORT TRADE SETUP FOR INTRADAY TRADE
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
Market can go in the opposite direction, what we analyze. so we have to manage our risk and adopt the situation accordingly.
Still staying short NZDCADI posted last Sat. about this pair possibly reversing.
The reversal did happen without threatening the recent top. PA has been kind of choppy but grinding lower overall. Not much ground was covered the entire week, but nothing changes my bearish bias.
I closed my short on Fri but will be looking to enter again. I still believe that both targets will be achieved.
If you like my analysis please give it a "thumbs up" and follow me to get instant notifications of my posts/updates.
As always, please use sound money and risk management in all your trades.