as you all know that I was watching this pair since too long also I posted a trade with the same pair in past. NZDCAD 0.33% is now at all time high so I am opening a short position for a long term scenario because I think risk is very minimum with this pair. Thanks
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
Arad
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thanks for analysis
please SL & TP ?
Daniel-Malik
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@Arad, TP where the Arrow end, SL you need to decide yourself according to your risk capital.
p.S I dont use SL
vikki2810
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Excellent Analysis!!!! I am with you on this on small lots
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