Wave-Trader
Short

NZDCAD short term sell setup

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
4410 39 69
I am expecting breakdown of this corrective trend continuation flag sell on clear breakdown of this flag. In case flag do not breakdown then i will look for sell near trend line . If price break above the bearish trend line then idea will be invalidated.
Comment: If not in look for sell if price retest flag broken area.
Comment: So far price moving nicely. If price changes its pattern formation and forms any other pattern then i will not look for that particular pattern. If price start correction again and forms again trend continuation pattern like flag then i will look for sell again but i will look for sell near trend line only. Here is the update.

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Comment:
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Comment: Price still in structure. I am expecting bearish wave. setup still intact.
Comment: Expecting bearish wave continuation.
Comment: structure changed Little bit but still in force.
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Very nice Sir!
Is this similar?
+1 Reply
no my friend this is not similar there is nor clear impulse on based we can look for trend continuation if it breaks up then highly like we may see price will fall back to your entry point because the whole structure is corrective and there is no clear direction also you are looking to against the trend which is highly risky
+3 Reply
StanLeee Wave-Trader
I completely understand! Thank you for explaination!
I appreciate!
Thanks!
+1 Reply
My pleasure mate no worry at all i am here to help you mate and love to share my knowledge with others.
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I hope this this will help you mate.
+2 Reply
Are we waiting till the channel reach to major channel reversal line?
+2 Reply
Please show me show your chart thanks.
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forexyoga Wave-Trader
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+1 Reply
forexyoga forexyoga
I mean the present correction channel will reach close to future reversal point and then go short. Is it possible?
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Yes mate it is possible but if you have sharp impulse on your left side then it is less possible and it can breaks down at any time mate so pay attention on impulse as well mate. Thanks for your feedback mate.
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forexyoga Wave-Trader
thx Bro
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My pleasure mate.
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Hello! Can we trade it now?
+1 Reply
wait for clear break mate.
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Werasuper Wave-Trader
thank you
+1 Reply
My pleasure mate and good luck.
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Nice
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Thanks
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can you please tell me if this is correct? thank you
+2 Reply
Wave-Trader PRO tradermannn
yes it is correct mate and very possible but price may rise correctively not aggressively because top is confirmed mate.
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tradermannn Wave-Trader
Appreciate your reply :) thank you,
If there is no problem, i will try to always share my charts and try to discuss. Maybe the others can learn also.
Thank you
+1 Reply
Wave-Trader PRO tradermannn
Yup thats the great way to share the knowledge mate
+2 Reply
Thank you mate! Great chart...
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my pleasure mate
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your setup are awesome
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thanks
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is it possible go up for correction because the daily candle closed out of the bollinger ??
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Wave-Trader PRO ahmedraslan29
i really dont use that indicator if you will share your chart then thats gonna be really easy to understand mate.
+1 Reply
Hey wave-trader thanks for the post! i was able to sell this correction at the top 0.94. I was just wondering if your still holding your postion or have u taken profit.
+1 Reply
That is what i am saying mate close it on time ya currently it is going down so let it go once will show you that it is going to change pattern then close your trade ya.
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hello man,
how are you?
what about this one ?
https://www.tradingview.com/chart/IyxzfNgu/
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tradermannn tradermannn
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tradermannn tradermannn
and this ?
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thank you for your great insights and resourceful explanations. About your last comment what do you mean by price still in structure? It clearly broke the longest trendline (down slope) Im a bit confused..

best pips to all
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we dont trade on trend lines man we trade on patterns
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zunkco Wave-Trader
I see thanks man.. if the price exceeds 0,9525( last lowerhigh) , will the price still be in the structure?

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trend line has no value ya lines just tell use patterns man.
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Great analysis! I too have been short this pair since 9725 for a swing trade. I hope to be out of it when oil tops out. Coupling fundamentals and technical on this trade plan. One day I'll learn wave analysis, keep up the great work.
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Thanks bro...

Any plans on usdzar??
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