Technician
Short

NZDCAD: Support Breakout! #forex

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
10223 67 230
5 months ago
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
5 months ago
Comment: Trading against me, but stop loss remains in place.
5 months ago
Trade active
5 months ago
Trade closed: stop reached
5 months ago
Comment: I am in the trade again, with stop loss a candle closing abovd 0.9410
5 months ago
Trade active
4 months ago
Trade closed: stop reached
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HeavyGearForex
5 months ago
Shorted this pair too earlier, good luck!
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Wave-Expert HeavyGearForex
3 months ago
lol
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Fws886 PRO
5 months ago
Thanks for the Great idea .
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kofesutra
5 months ago
I like it :)
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Gerser
5 months ago
followed.. look good .. thanks !
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newwarez2
5 months ago
Very good one, trading with you !

Good luck
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robnab
5 months ago
Thanks for Your's great idea's, always accurate and helpful ;)
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marcus123
5 months ago
In this trade; value your analysis. cheers!
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pardis TOP
5 months ago
HI AS USUAL U ARE THE BEST...THANKS FOR SHARING ....AND ITS MY IDEAhttps://www.tradingview.com/x/uk9XHkcl/
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pardis TOP
5 months ago
snapshot
+1 Reply
EJ200
5 months ago
short NZD/CAD at 0.954, your idea strengthen my short holding . thanks . btw, NZD is a monster...
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waiyuen
5 months ago
I shorted too. Thanks and good luck to all !
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Batman-oz
5 months ago
Thank you
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drsteigerwald
5 months ago
Thank you!
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GeorgeMcGeown
5 months ago
Could you do an update on this please!
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DelorenFX
5 months ago
I think your trade although early will give you profit.
+2 Reply
jpctop
5 months ago
Thank you for the analysis! There is still time to go short?
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jpctop jpctop
5 months ago
I opened :) Thanks and good luck ^^
+1 Reply
SrengRattana
5 months ago
I short with u at 0.93642 now is being cool ;)
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haemdoc
5 months ago
Spot on . Kudos
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ValeriuV
5 months ago
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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Taff
5 months ago
will it ever come down :)
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Taff Taff
5 months ago
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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Sinistro
5 months ago
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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Sinistro
5 months ago
Still, congrats if I traded this pair I would've gotten into this trade. WEll, s&$% happens.
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Sinistro
5 months ago
Don't sell the pull back sell the breakout
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stocktrader15 PRO Sinistro
5 months ago
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
5 months ago
Harmonics is voodoo. Don't follow that shi3
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stocktrader15 PRO Sinistro
5 months ago
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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Dps
5 months ago
SL hit..
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waiyuen
5 months ago
Still hold on to my Short.
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Batman-oz
5 months ago
Thank you for your idea, pity it did not work out.
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4XHunter
5 months ago
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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Technician TOP
5 months ago
I think the trade is still valid.
+1 Reply
fxfxfx Technician
5 months ago
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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ltdbay
5 months ago
4H chart the price is near the Bollinger you think this is no problem?
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GonzaloDelmonte
5 months ago
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
5 months ago
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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GonzaloDelmonte Technician
5 months ago
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
5 months ago
It's called spread, not the butter kind.
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SrengRattana
5 months ago
M still Short @0.93167
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jake66
5 months ago
Have a feeling that wick was just to take out stops.. spot on analysis as always !
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ForexSignals.io
5 months ago
Great work as always!
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jasonminsookim
5 months ago
Thanks for being the few people that update their ideas even when it goes South
+1 Reply
fxfxfx
5 months ago
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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Technician TOP fxfxfx
5 months ago
updated the idea status
+1 Reply
vicky13
5 months ago
nzdcad short ?
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deLazyLizard vicky13
5 months ago
Do you even read the chart?
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vicky13 deLazyLizard
5 months ago
yeah
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vicky13 deLazyLizard
5 months ago
break out support line
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deLazyLizard vicky13
5 months ago
So, why question whether it's short? You already know the answer.
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vicky13 deLazyLizard
5 months ago
yeah but where is short ?
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vicky13 deLazyLizard
5 months ago
whre is short bro
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deLazyLizard vicky13
5 months ago
Everything you need is on the chart. Use your brain, bro.
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GeorgeMcGeown
5 months ago
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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Sensei PRO
5 months ago
snapshot

agreed. looking for a break lower for my entry
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moneymaking
5 months ago
Awesome mate, also in on this pair. Thank you for sharing and all the best :)
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vicky13
5 months ago
where is short
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derby
5 months ago
in this, dont think the Weekly Support/ 0.92348 is out the question...
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Batman-oz
5 months ago
In this second time around, all good, missed the first time around. Thank you Sir
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jaxx
5 months ago
Hello Technician
"with stop loss a candle closing above 0.9410" -> a H4 candle? or H1 would be enough?
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Technician TOP jaxx
5 months ago
hi. 4H.
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tradewonk
5 months ago
Finally a good trader that shows exactly SL and TP and not just a direction. Thumbs up!
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Technician TOP tradewonk
5 months ago
Thanks. I hope people will start to be aware of manipulators.
+2 Reply
fxfxfx Technician
5 months ago
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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GeorgeMcGeown
4 months ago
Nearly at SL again!
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mnwind GeorgeMcGeown
4 months ago
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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