NZDCAD : SHORT OPPORTUNITY!NZDCAD looking strong short for the downside & has the move to the downside!
CADNZD trade ideas
NZDCAD : LOOKING FOR GREAT SHORT!NZDCAD is looking really good for the sell side by using reduce risk entry for the sell side to kickstart 2021!
Double Bottom With Neckline Broken NZD/CAD Has Broken the 0.90 Resistance and Retest is Done.
NZD/CAD Has Broken the Neckline of Double Bottom in H4 Timeframe.
Entry ,SL, Target on Chart. Trade with Proper Risk Management.
💡 Don't miss the great sell opportunity in NZDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.91). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 35.
Take Profits:
TP1= @ 0.8995
TP2= @ 0.8930
TP3= @ 0.8860
TP4= @ 0.8780
TP5= @ 0.8625
SL: Break Above R2
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NZDCAD 30 min AnalysisIt is the analysis of nzdcad on 30 minute time frame.
You can see it's a beautiful trendline break, now price needs to retest the resistance zone after that we will short on NZDCAD.
💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.875). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66. a
Take Profits:
TP1= @ 0.8790
TP2= @ 0.8825
TP3= @ 0.8862
TP4= @ 0.8940
TP5= @ 0.9010
SL= Break below S2
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short setupH&S Pattern formed and necline broken and almost retested, waiting to buy at trendline which confluenced with 0.618 fib level ,, RR Ratio looks good (1:5) setup
NZDCAD analysisgoing long after market breaks and retests our level !!!!!!! lets be on alert when the market opens remember good money management,
NZDCAD 4hrit made a head and shoulders pattern on the weekly it's finishing the right shoulder with a symmetrical triangle pattern.
SHORTTHIS IS THE TRADE I TAKE FEW HOURS AGO... THIS IS AN INTERESTING ANALYSIS THAT'S WHY IM SHARING THIS WITH YOU ALL. AS YOU CAN SEE THE RANGE IS BROKEN AND MARKET WAS GOING DOWN SHARPLY... SO I WAS LOOKING FOR A PULLBACK AND DURING PULLBACK THERES A DIGESTION PROCESS GOING ON(in 3 min. timeframe) AND AFTER THE DIGESTION PROCESS IS OVER I WAS LOOKING FOR A SMALL RANGE AND THERE IT IS. AND AS YOU CAN SEE SHORT POSITION WHERE I ENTERED BUT I EXIT AT 0.88653 LEVEL.
BULL FLAG - LONGPrice is forming a bull flag pattern.
Hence looking to enter LONG after completely forming the bull flag pattern
Bear Flag - SellLong term trend - LONG (Soon to change direction to short)
Current trend - SHORT
Nature - CORRECTIVE PHASE
Pattern - BEAR FLAG
Stoploss - 50 pips
Risk: Reward - 1:4
Don't miss the great sell opportunity in NZDCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.895). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.8858
TP2= @ 0.8795
TP3= @ 0.8745
TP4= @ 0.8685
TP5= @ 0.8590
SL: Break Above R2
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. . . . . . . . Hit the 👍 LIKE button,
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Trade well, ❤️
ForecastCity English Support Team ❤️
