NZDCAD, SHORT Possibilities..Daily,Weekly resistance level.
Retracement is much needed.
0.855 is another expected point.
Take SHORT entry of market opens
in favour.
Nzdcadshort
nzdcad butterfly patternAs you can see bullish momentum is expected please wait for the trend reversal
NZDCAD 100-PIPS SHORT SETUP.Please manage your risk. Use Stoploss. and do no take blind entry until confirmation. If you have question let me know. If you want to analyze any pair let me know.
NZDCAD SELL ZONE UPDATED! Hi 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 )
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NZDCAD ShortNZDCAD Short
Entry 0.85140
SL 0.85510
TP1 0.84810
TP2 Open or Target
SL to entry once TP1 is Hit
NZD/CAD approaching key resistanceLet's take a look at NZD/CAD on 4H chart. We can see price is closing in on strong resistance line that has not been broken for quite some time now. NZD/CAD could see some down movement if price bounce of the resistance line one more time. We are placing pending SELL orders shown on chart.
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NZDCAD. Drop to target.
Hello dear subscribers!
The price of this currency pair has approached the resistance level.
The price will fall to the target,
it is at around 0.85000.
Good luck to you.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
NZDCAD H1 SHORT PRICE ACTION FORECASTWith price action trading close to a resistance level, together with the 50EMA and downward trendline, it could bring the opportunity for a short trade as a sell-limit entry setup.
When checking the intraday charts at H1, the candle forming was a clear Doji bar signaling the possible fatigue of the short correction from the more significant downtrend bias.
S/L: 30 pip with an R:R | 1:2 with the T/P right from last week's previous support level.
NZDCAD potential bounce!
NZDCAD expected to reverse up to 1st support at 0.84441 where it could potentially react and bounce to its resistance at 1st resistance at 0.85598.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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.
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NZDCAD POTENTIAL HEAD AND SHOULDER FORMATION #TradegangPotential head and shoulder formation...enter with risk management pls
NZDCAD ShortGot a nice short here. within the resistance trend line, we have a mini double top forming and a counter trend line which has been retested.
NZDCAD- Bearish Momentum On The Reversal Of The Supply Zone!-Very good opportunity to sell at the supply zone which is in confluences with the 38.2% level.
-The Ema is above price suggests Medium term bearish momentum on the pair.
-Price previously broke the ascending channel which is also another indication that price could retest the supply zone and then we could start to see bearish momentum for this pair.
Wait for price to reach the zone and look for bearish candlestick formation to enter this pair.
NZDCAD SELL- STRONG RESISTANCELikes and comments if you want more trading setup. Thank you!
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The price responded positively
to the resistance.
A pinbar and bearish candle was
formed
I recommend you put SL on the resistance.
NZDCAD. The price will fall!Hello dear subscribers!
The price of the New Zealand dollar approached the level of resistance,
at which point it stopped growing.
Sell zone is above this level.
The price will fall to the target.
Good luck to you.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
NZDCAD SELL {Technical Analysis] 18/5/2020All I can say about this New Zealand Dollar/ Canadian Dollar trade is, Go BEARS!
It's not everyday we get the chance for a 5X return on risk. (well, maybe we do get the chance everyday, but...)
OANDA:NZDCAD
NZDCAD SELL IDEADue to the facts that this pair has been trending downwards since 2017 and that it also closed extremely bearish on the weekly timeframe, this trade is aiming to catch the continuation to the downside once the pullback has finished. Also because price has broken above SUPPORT on the daily i am looking to see price reverse sharply causing the weekly candle to look bearish while we have entered at the top of the wick.
Always use 1-2% risk management per trade.
