Nzdcadshort
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.
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As always, please use sound money and risk management in all your trades.
NZDCAD SHORTFormation of a double top on the weekly, daily, and 4H chart gives a strong indication that price will head downwards after experiencing bullish momentum for a period of time. Price is also at an important area of resistance at which I expect the price to be rejected and head downwards to form a bearish momentum.
Trading this pair using the breakout strategy.
SL: 0.88470 (-59.5 pip risk)
TP1: 0.86610
TP2: 0.85387
TP3: 0.84249
TP4: 0.83303
Let me know what you think. Let's get 'em pips :).
NZDCAD (Neutral)Long Term Trend:Bearish
Short Term Trend: Slightly Bullish
In tern of the overall look on nzdcad you can see that the trend is a downward trend. Currently the price is in a consolidating phase , which means that it can either go up or go down. Wait for the breakout to happen after the consolidating before you enter this trade. The TP line (take profit line) i have already establish both long and short position. Let monitor how the price go before we enter this trade. if you guys are interested to know when i open my trade , please leave a comment below :)
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Quotes "The key to trading success is emotional discipline"
NZDCAD SELL ZONEHi Traders, here is the full Update Analysis / Breakdown for NZDCAD.
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Conditions -
1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change )
2.Use Risk Management (Risk 1% of your capital)
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Looking for reversal NZDCAD .. the week of 15 JuneTrading reversals is not easy, provide a reduce win rate too, but this one is worth considering.
The daily chart shows a narrow band between 0.8780 and 0.8800 has held price for several months. Price action over the past 6 trading days clearly shows the inability of bulls to break above this zone.
The H4 chart shows this more clearly and I intend to take a short in the middle of this resistance zone. My ultimate target will be just above 0.8540.
My trading style is not conservative, I do not wait for confirmations. Confirmations always cost come with a cost, the stop will have to be larger, the R/R will reduce although the win rate will be higher. I prefer to take a small position at first and add more positions if my analysis proves to be correct. This enables me to keep a tighter stop loss, reduces the loss while giving the opportunity to make larger gains.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notification of my posts/updates.
As always, please use sound money and risk management in all your trades.
NZDCAD SELL IDEA FROM 0.87313 Price has reached a very strong resistance level at 0.87940 which lines up with the 0.61 level on the fib indicating a possible change of trend. My setup became valid when the daily candle closed strongly bearish at this important level. Therefore I am anticipating a swing low.
Entry : 0.87313
SL : 0.88370 (105Pips)
TP1: 0.84500 (270Pips)
TP2 : 0.8060 (670Pips)
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