FX:NZDCAD   New Zealand Dollar/Canadian Dollar
Hello and welcome to my Trade Idea of the currency pair NZD/CAD.

Lets start with the Top Down Analysis.


Monthly: The monthly timeframe is in a strong downtrend.


Weekly: The weekly timeframe shows a nice bearish trend .


Daily: Daily is bearish too.


H4: On the H4 timeframe we draw the pennant pattern and wait for a breakout.


Have a nice day.
Great analysis, I agree with your trend following philosophy however I have an opposite view. I am using the Support line below as an entry for a Long position. Looking at the COT (commitment of traders). Commercials are long the NZD and Short the CAD. I am expecting a breakout of the resistance above and propelling the pair towards the 0.90 level.
+1 Reply
LukeMifs87 LukeMifs87
+1 Reply
@LukeMifs87, thanks for your comment.
Reply
you great bro keep em comin
+1 Reply
@mofofx, thanks bro.
Reply
NICE CHART
+2 Reply
@Ali-wave, thanks mate.
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