Trading 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...
It 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.
Trading 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.
....
H&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
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...
THIS 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...
![NZDCAD: [NZDCAD] SELL ENTRY HEAD AND SHOULDER PATTERN](https://s3.tradingview.com/e/egQlyDZC_mid.png "[NZDCAD] SELL ENTRY HEAD AND SHOULDER PATTERN")
