Tradinggrouptw
Long

ORDER FLOW-SETUP #NZDCAD LONG - // 75+ PIPS UP FOR GRABS//

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
319 4 13
Hi all,

Potential trade setting up on NZD/CAD.

USD is weakening in strength and the USD INDEX is hitting major resistance which translates into a weaker CAD.
Adding to this analysis is the falling oil             price, which CAD is highly dependent on.

Order flow is looking good as well with NZD +6 and CAD -6.


Best of luck to everyone !


http://www.tradingwhales.com
hey men, obviously you are a pro, with all due respect, shouldnt the entry level be at 0.92, just above the support?
thanks.
Reply
Hello :) Don't focus too much on the exact price but more on the actual area of past demand.
Reply
A weaker dollar would translate to a stronger CAD, therefore a weaker USDCAD
Reply
These currencies are sisters, USD/CAD are both weak, therefore not a recommended pair to trade since order flow is going against both of these currencies.
+3 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out