Wave-Trader
Short

NZDCAD short setup from structure top

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
I am look for short setup from top. I and couple of my traders took short on this pair couple of times and we are expecting still the same trade setup short from the top and stop loss outside the structure and if structure breaks up then the idea will be invalidated.

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Comment: Triangle closing its ranges breakout coming soon. Here is the update.

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Comment: If do not breakdown this time look for sell from top. One thing is confirmed that we have ascending reversal channel formation on 4hrs and top is confirmed here is the update.

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so is it a clear breakup the top or just stop loss hunt? thanks
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nice
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Hi, i just opened a position at very top !! If it falls down i will make approx of 40% profit !!
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Thanks
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Hey imran can this long be considered till the top
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AkashGaur AkashGaur
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Shouldnt we expect an up leg before it comes down considering it a bullish continuation pattern?
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Please would you analyse your monthly, weekly and daily chart.
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AkashGaur Wave-Trader
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i see it now. my idea was to go long since we have a correction pattern along with the 4hr being oversold and sell from the top
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Whats your position on NZDUSD? You can see strong resistance on both Daily and Weekly. The pattern on daily should be a break above?
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Wave-Trader PRO StevenMilward
Keep selling from top and if you see any reversal sign on wedges line then close and wait for top again. remember dont look for buy. We gonna see breakdown of this wedge very soon.
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