Wave-Trader
Short

NZDCAD Watching for impulse and expecting it breakdown

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
5003 31 116
Hi fellows. i am expecting breakdown of this up trend. If sharp impulse appear on lower time frame then look for sell. in case price break up and change the pattern and structure then i will look for change in pattern and structure.
Comment: Nice impulse is forming on lower time frame. Watching break down of small bullish trend line. If impulse become sharper than join that impulse. If you are precautionary trader than wait for trend continuation pattern after impulse than join that short setup. I hope you understand how to take this trade.
Comment: This pair is doing well. If you are not in wait for trend continuation pattern. In case price do not form trend continuation price and form trend reversal pattern then we will look for further price push and again will look for short from top. So far price is doing well and i am expecting bearish trend continuation.
Comment: If not in look for this formation.
snapshot
Comment: Price is about to hit the target keep your eyes on it for price action if price stay on the channel line and form reversal pattern then we will look for reversal and if form trend continuation pattern then we will look for further downside good luck fellows.
Comment: This pair playing amazingly and if price forms a corrective trend continuation pattern then we will look for further sell.
snapshot
Comment:
snapshot
For Training Course Visit:
http://www.techtradingacademy.com
Youtube: https://youtu.be/nZSYWsVeLkM
Twitter: https://twitter.com/Wave__Trader
Facebook: https://www.facebook.com/forexsignal.hunter/about?section=work
https://www.instagram.com/wave__trader/?hl
mate, Do you have any views on AUDCAD ?
Reply
@GoldHunter, Watching that pair mate still not ready for sell
Reply
GoldHunter Wave-Trader
@Wave-Trader, I wonna thank you for the last youtube video, we always learn from you new things .... wish you the best
Reply
thanks Sir . Watching it
Reply
@qwboys, good luck mate.
Reply
ready?
Reply
@javitofx, i think so
Reply
Thank you for your sharing mate!
I have a short position from 0,9710 SL:0,9824 lets wait and see..
Reply
@mette, Good Luck mate
Reply
good setup - got impulse ontime - thank you
Reply
@gulzarkdr, Thats great man you are in good luck for further downside.
Reply
Do you trade only on technicals or you also take fundamentals into account? Thank you.
Reply
@xiiimik, not much but some time i do.
Reply
xiiimik Wave-Trader
@Wave-Trader, Than you for reply. If you can please take a look on XAUXAG, seems to be nice long.
Reply
Thanks for sharing ... I have entered the trade on the close of that last bearish candle after the breakdown.
Reply
SilverioSan SilverioSan
snapshot
Reply
Wave-Trader TOP SilverioSan
@SilverioSan, Nice chart
Reply
Wave-Trader TOP SilverioSan
@SilverioSan, Good Luck mate there is a lot to come if this pair continue to go down because there is huge potential to the downside.
+1 Reply
I m in and making some good profit. Thanks. Will carry it to the end
Reply
@j_amui, Yup good luck lot to come
Reply
j_amui Wave-Trader
@Wave-Trader, Thank you so much. Your videos made me a better trader and understood structure better. Honestly I was wondering why you never talked in your videos to explain why you drew those lines and what they were about. I really spent hours and days to understand them. I am happy you are now verbally explaining your videos, and am watching them. Thank you very very much for sharing. I appreciate your videos and ideas. You are my most unlikely teacher, ie, I never thought you will b the person who will let me know better. Nice weekend
Reply
@j_amui, my pleasure mate hope you will make difference in you by watching those videos.
Reply
Good bearish divergence on the weekly could drive this;
Reply
@derby, yup wave on its way mate i hope you got something
Reply
one of the best trade i ever had .. moving down continuously , thanks mate
Reply
@gulz, cheers mate
+1 Reply
Could you tell me what is your multiple of R on this trade so far? (R only from your first entry) Mine is around 3.9 R. I use fairly tight SL.
Reply
I have caught it since the beginning. Thank you for sharing this idea. Tradingview provides several opportunities, people like you are like alarms, wake people up on right time. Thank you.
Reply
@Dinkan, good luck for that mate
Reply
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
 NZD/CAD swings based on Market Profile and Price Action
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out