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ProjectSyndicate
Jan 13, 2021 10:51 AM

NZDCAD D4: BEST Level to BUY/HOLD +200/+400 pips(SL/TP)(SWING) Long

New Zealand Dollar/Canadian DollarFXCM

Description

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NZDCAD D4: BEST Level to BUY/HOLD +200/+400 pips(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as LONG because 400 pips upside still
remains. recommend to BUY/HOLD IT.


🔸 Summary and potential trade setup
::: NZDCAD D4/candle chart review
::: currently focus on buying dips
::: BUY/HOLD bulls in control
::: 400 pips upside remains
::: BULLS will target 9500
::: BEARS will take from there
::: expecting pullback / re-test of mid0range
::: for now BUY DIPS / MARKET BUY
::: TP BULLS +200 / +400 pips
::: higher risk strat: BUY DIPS/PULLBACK
::: near 8980/9020 SL 80 TP+200 TP2+400
::: recommended strategy: SHORT/HOLD 9500
::: TP1 BEARS +300 pips TP2 BEARS +600 pips
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 8650 fresh demand zone
::: 9500 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS
Comments
Mars-james
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Good work.
Jeams_stonis
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Excellent idea.
Trader_Dale
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Hi Project!

Great outlook as always from you. :)

Here's one strong resistance I'm waiting to short from:


Would like to hear your opinion, hope you don't mind me sharing!

Cheers,
-Dale
Dave-FX-Hunter
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I think its bearish
KlejdiCuni
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Great analysis, I have the same opinion as you.
abel11
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excellent analysis. Keep up.
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