Technician
Short

NZDCAD: Support Breakout! #forex

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
10345 68 234
I have shorted NZDCAD             on the retest of 0.9330 broken support-turned-resistance today. Inline with my previous analysis for the pair.

All my ideas are just my personal view. Trade Your own view.

I have no incentive to post if i don't get enough support from you. Likes and comments Appreciate your support..
You can SKYPE me at : Technician - The Forex Channel
My Regards,
Technician
Comment: Trading against me, but stop loss remains in place.
Trade active
Trade closed: stop reached
Comment: I am in the trade again, with stop loss a candle closing abovd 0.9410
Trade active
Trade closed: stop reached
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Shorted this pair too earlier, good luck!
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Wave-Expert PRO HeavyGearForex
lol
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Thanks for the Great idea .
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I like it :)
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followed.. look good .. thanks !
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Very good one, trading with you !

Good luck
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Thanks for Your's great idea's, always accurate and helpful ;)
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In this trade; value your analysis. cheers!
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HI AS USUAL U ARE THE BEST...THANKS FOR SHARING ....AND ITS MY /x/uk9XHkcl/#
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snapshot
+1 Reply
short NZD/CAD at 0.954, your idea strengthen my short holding . thanks . btw, NZD is a monster...
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I shorted too. Thanks and good luck to all !
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Thank you
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Thank you!
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Could you do an update on this please!
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I think your trade although early will give you profit.
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Thank you for the analysis! There is still time to go short?
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jpctop jpctop
I opened :) Thanks and good luck ^^
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I short with u at 0.93642 now is being cool ;)
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Spot on . Kudos
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It looks like the pair is trying to make some kind of correction after the first impulse out of the trend...
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will it ever come down :)
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Taff Taff
with the news for NZD coming out later today i have a feeling it will travel further north. just my 2 cents but lets see
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Oh man! You had everything figured out except the fact that it's an uptrend. Nice entrance, smart money style, don't ignore the trend #ficadica
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Still, congrats if I traded this pair I would've gotten into this trade. WEll, s&$% happens.
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Don't sell the pull back sell the breakout
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I prefer to sell the pullback but using the rules of EW and harmonics to time my entry. I like to drop down to a lower TF and look for a price to make a continuation pattern during they consolidation.
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Sinistro stocktrader15
Harmonics is voodoo. Don't follow that shi3
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Oh yes and objective, repeatable system based on market geometry is voodoo but your subjective trend lines breakouts is pure math...
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SL hit..
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Still hold on to my Short.
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Thank you for your idea, pity it did not work out.
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Great Analysis Technician....Do you think the trade is still valid? I am still in trade and i had my stoploss bit further that what you mentioned. Plz Advise.
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I think the trade is still valid.
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fxfxfx Technician
good idea, u just entered too early.. still valid as you well said.. I entered @ 0.938 hoping to reach ur targets. Thanks for sharing good ideas as always
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4H chart the price is near the Bollinger you think this is no problem?
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Hi Technician,

Thank you very much for your contribution.

May I ask you something (to you and everyone who wishes to contribute)? Am I the only one who got stopped out at the very top of the wick (1.9433), even though my stop loss was set at 0.9390 just before the news? I'm just trying to figure out what I'm doing wrong and whether there is any way to avoid this. At the moment I'm considering to close all my positions before news event to avoid price spiking up just to then return to the original price.
Do you think this may be because of a poor execution from my broker (FXCM)?

Thanks a lot!
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Technician TOP GonzaloDelmonte
No, the price reached stop loss for this trade , it is not about your broker. However, i see the trade still valid, a candle closing above the stop loss level may negate it.
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Thanks for getting back to me.
Exactly, after the spike I re-entered and the trade is working out for now. It's just that the sudden move upwards executed my stoploss way above the amount of risk I was willing to take, which was a bit of a hit to my account.
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deLazyLizard GonzaloDelmonte
It's called spread, not the butter kind.
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M still Short @0.93167
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Have a feeling that wick was just to take out stops.. spot on analysis as always !
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Great work as always!
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Thanks for being the few people that update their ideas even when it goes South
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This pair gave us few more chances to attempt this idea once again. Are u back in for another ride or not Technician?
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updated the idea status
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nzdcad short ?
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Do you even read the chart?
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vicky13 deLazyLizard
yeah
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vicky13 deLazyLizard
break out support line
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So, why question whether it's short? You already know the answer.
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vicky13 deLazyLizard
yeah but where is short ?
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vicky13 deLazyLizard
whre is short bro
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Everything you need is on the chart. Use your brain, bro.
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Mine was still open anyway, I always leave extra SL on your trades cause I notice a lot of your trades work out after they hit SL.
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snapshot

agreed. looking for a break lower for my entry
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Awesome mate, also in on this pair. Thank you for sharing and all the best :)
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where is short
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in this, dont think the Weekly Support/ 0.92348 is out the question...
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In this second time around, all good, missed the first time around. Thank you Sir
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Hello Technician
"with stop loss a candle closing above 0.9410" -> a H4 candle? or H1 would be enough?
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hi. 4H.
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Finally a good trader that shows exactly SL and TP and not just a direction. Thumbs up!
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Thanks. I hope people will start to be aware of manipulators.
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fxfxfx Technician
Bad news from Canada, I had a small trade with profits (closed) from your original idea with different entry level. I am expecting another SELL position near 0.95 level. Keep the good ideas coming, this pair will go south, sooner or later!
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Nearly at SL again!
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mnwind GeorgeMcGeown
Oil turns bearish as of now, this pair can test 0.9550 again if oil continue moving down. It is a tough business. As Mr. Technician said, it is all about odds and Reward/Risk for each trade.
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Thanks for your great analysis!
Here is my view on NZD/CAD if you are interested:

Based on Market Profile (volumes) and Price Action are three very strong resist/support zones. All of them were created with heavy volumes of big players - you can see it on the Cummulative Volume on the right side. The closest level: 0.94426 is placed on the biggest volume of the year (Point Of Control). The biggest volumes of the year were placed there and moved the price agressively lower. This is definitely the place I would like to go short!

There are more Market profile swing and intraday analysis at my profile page. You are very welcome there!
Dale
 NZD/CAD swings based on Market Profile and Price Action
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