Nzdcadshort
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.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
SELL NZDCAD AT 0.86978Price is currently in what i would see as a bullish retracement of the previous bearish move. NZDCAD currently has the potential to reach our marked entry point before advancing lower to meet our targets 1 and 2.
Entry - 0.86978
Stop loss - 0.87824
Take profit 1 - 0.85790
Take profit 2 - 0.85218
Capital risked - 2%
NZDCAD sell on H5Plan : trendline 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.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX