Nzdcadshort
NZDCAD SHORTNZDCAD also looking promising for shorts. We will need to wait for it to reach the purple box region which has been placed around the 0.86500 level, this also meets with the trend line as well as the 61.8% level giving us multiple confluence for this to be a level of interest.
However, we need to wait for further rejection of this zone, so multiple 4hr candle closures forming a spinning top or doji candle (like in the blue circle shown above). If this does become into fruition I will be taking shorts down to the -61.8% Fib level, taking partial profits at the 0% and the -20% to secure some profits.
185 PIP gain 4.5/1 RR
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Trading Pathways Analysis of NZDCAD H4 Chart
The outlined white arrow pathway is the predicted pathway that the NZDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where NZDCAD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
Sell NzdCadAfter reaching a top at 0.88 in mid-December, NzdCad is trading downwards with a low at 0.8540.
The rebound came to confirm new resistance and is corrective in nature, forming a flag.
As long as the pair is under 0.8650 resistance the downtrend is intact and the pair could fall at least till 0.8450
Historical data favors Short NZDCAD(Prediction 18)(Currently at +5pips)
You have 64.49% chance of earning 20pips and 53.92% chance of losing 20pips within the next 24 hours.
Entry price:0.85828
Take profit: 0.85628
Stop loss: 0.86028
(This applies to timezone UTC+8 4 Feb 2020 10pm to 5 Feb 2020 10pm)
(Enter at your own risk, 1:1, you either get 20pips or lose 20pips)
NZDCAD W5 JAN 2020As analysed on the last trading week. NZDCAD is printing this bearish chart pattern, some would say Head and Shoulder. The price clearly broke the ascending trend and is consolidating for almost 2 weeks now. Its price now is at 0.86831 which is also the 61.8% fib retracement level. Anything closes above 0.88044, this short setup will be invalid
Historical data favors Short NZDCAD(Prediction 10)(Currently at +10pips)
You have 66.36% chance of earning 20pips and 52.43% chance of losing 20pips within the next 24 hours.
Entry price:0.86212
Take profit: 0.86012
Stop loss: 0.86412
(This applies to timezone UTC+8 28 Jan 2020 4pm to 29 Jan 2020 4pm)
(Enter at your own risk, 1:1, you either get 20pips or lose 20pips)
Historical data favors Short NZDCAD(Prediction 9)(Currently at -10pips)
You have 56.60% chance of earning 20pips and 53.41% chance of losing 20pips within the next 24 hours.
Entry price:0.86345
Take profit: 0.86145
Stop loss: 0.86545
(This applies to timezone UTC+8 28 Jan 2020 8am to 29 Jan 2020 8am)
(Enter at your own risk, 1:1, you either get 20pips or lose 20pips)
Historical data favors Short NZDCAD(Prediction 6)(Currently at +10pips)
You have 61.47% chance of earning 20pips and 57.55% chance of losing 20pips within the next 24 hours.
Entry price:0.86916
Take profit: 0.86716
Stop loss: 0.87116
(This applies to timezone UTC+8 23 Jan 2020 9pm to 24 Jan 2020 9pm)
(Enter at your own risk, 1:1, you either get 20pips or lose 20pips)
Historical data favors Short NZDCAD(Prediction 5)(Currently at +30pips)
You have 65.31% chance of earning 20pips and 51.79% chance of losing 20pips within the next 24 hours.
Entry price:0.8670
Take profit: 0.8650
Stop loss: 0.8690
(This applies to timezone UTC+8 23 Jan 2020 8am to 24 Jan 2020 8am)
(Enter at your own risk, 1:1, you either get 20pips or lose 20pips)
Historical data favors Short NZDCAD(Prediction 3)(Currently at -10pips)
You have 64.15% chance of earning 20pips and 54.46% chance of losing 20pips within the next 24 hours.
Entry price:0.86388
Take profit: 0.86188
Stop loss: 0.86588
(This applies to timezone UTC+8 21 Jan 2020 10pm to 22 Jan 2020 10pm)
(Enter at your own risk, 1:1, you either get 20pips or lose 20pips)
NZDCAD short sell opportunity on H5 for 100 pips!Plan : horizontal key support breakdown --> wait for prices to bounce off trendline resistance --> 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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GWBFX