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Nzdcadshort

NZD/CAD Possible Short soon? await price actionhey traders, As we can see nzdusd has been in a uptrend since 23/24th March - we can see it is now approaching a key resistance zone. It last tested this region is June 2019 in which it dropped. If it fails to break this area again in 2020, retraces then retests the resistance but the buyers fail to push price higher..We could see a nice sell opportunity as this would also create a double top confluence as well as being at a key resistance zone. If this set up plays out, i expect a pull back to the 0.5 fib region which also is around a good support area which is another confluence However, if price breaks the resistance thus making it support, we could then look for buy opportunities - await price action
Short
by TradewithDann
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.
Short
by TheCandlesSticks
1
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.
Short
by baadmahn