Technician
Short

NZDCAD: Support Breakout! #forex

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
10443 68 238
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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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
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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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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.
+2 Reply
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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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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In this second time around, all good, missed the first time around. Thank you Sir
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in this, dont think the Weekly Support/ 0.92348 is out the question...
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