FOREXCOM:NZDCAD
- Break the supply but not closing above the supply
- Wait for the Confirmation in LTF
-2 Higher High....Looking for the 3rd High
-Chance to Sweep the IDM(x) & Reverse
- V-shape recovery
- High Volume in Buying Candle
...............here is the full multi time frame analysis for this pair, let me know in the comment section below if you have...
NZDCAD Buy trade opportunities
NZDCAD it's recently closed above the short-term resistance line its a good opportunity to take a long to the next resistance as we mark in the chart
Always Use Stop Loss
Checkout my last update on NZDCAD before break out, this is what I was looking for… can expect one opportunity for long…we are Risking 22 pipes for 50 pipes.
You can see my previous upload of this pair. This the entry I would prefer for long on NZDCAD. clean picture of BOS and order block entry.
In this I’m RISKING 21.5 pipes for 50 pipes.
I always close half of entries after taking 30 pipes of PROFIT and may the other remaining BE.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (.086473).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Hello Trader, Here is the full analysis on NZDCAD
1) On 1hr chart we can see it as formed gartley pattern and possible reversal expected.
2) Price is moving toward strong resistance zone and can test this zone for up move and if it fails then on basis of gartley and strong resistance one can look for short.
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