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.
Okay, so nzdcad has been on a bearish run in the past week. Now, we want to see a retracement to at least 38.2% level as consolidation before the downside continuation which may be followed by the head and shoulders pattern on daily chart followed by an impulse correction and impulse and we can look for this great opportunity in shorting this pair if it satisfies...
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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