cadnzd was meant to be a bearish setup due to daily resistance (green) being rejected three/four times but price broke out and retested the zone so this became a bullish setup until price reaches weekly resistance zone (purple)
This setup is one of my favorite. Previous failed reversal leading to another lower low, but with clean room for another attempt for some fibs. PAC and TDI are showing signals that it could be right now, so with RR it's worth taking the shot. No fundamentals here in play, just pure technical. Let's see how this evolve in the following days. GL HF
on the cadnzd pair, I see bullish potential from support zone + falling wedge pattern. Price reacted very well from support with an engulfing bar and has retested newly formed support zone. Looks like potential inverse H&S but can't be too sure on that. Price has also reacted very well off newly support zone.
Looks like it is against a big resistance again. On the right, as long as we stay below that red resistance, it suggests the high is already set as well. I am going to do 2 trades here, a scalp (chart on the right) and a day/swing trade. Both different stops but almost the same. Both have a good R/R, especially the bigger trade so worth the risk at this...
The 0.9080 got rejected again, which is also a big resistance area. On the right we can see another small H&S which has triggered a small drop so far. There is a good chance a big wave down can happen the coming weeks, so i am going to take on this trade here. I will start out small and i will increase it on the way down, with the first time if that green one on...
The previous trade went through the stop today, but now when looking at it, it's also not breaking up. It has formed a bearish wedge and it is still below that red resistance zone on the left. Therefore i am going to short it again. I will close 30% around the yellow circle, will move stop to entry as well when we close in on that target and i will let the rest...
Looks like a inverse H&S in the making here. I would not get in before this channel breaks or before that red resistance zone breaks. Price should not drop below that green support zone anymore, so that would be a good stop loss level when entering this trade.
Dear traders, Here is a new LONG signal on CADNZD : Entry : 1.1270 SL : 1.0631 TP1 : 1.1978 TP2 : 1.2681 TP3 : 1.3942 Reasons for this short: We have an intersting setup on CADNZD, with all relevant TF being bullish. Signals on daily, weekly and even monthly are respected. That's why I'm shooting for a long here with very large TF (in months, if not year). SL...
Price is following a pattern. Waiting for confirmation that it'll hit the resistance so we can sell at this point.
So far the monthly chart of CADNZD displays a strong break out higher. I'm waiting for the close of the candle for confirmation of the upside potential.
I switched my previous long to a short but trying to set up Pending Order instead of Market Price. As 4H RSI is very low I suspect a small pullback around 1.065/1.066 before diving more. Let's see what the market give us. SL is at previous fib level. GL HF
Seems a legit LONG on 4H view. I'm a bit worried about Weekly topping a bit, so just in case I placed a small SL, because there is a strong possibility of going south in the next couple days. But sudden breakout happens when hidden divergence seems too obvious and I believe this is the case. Anyway this is just 70 pips of risk. GL HF
Let's try something fun for once. A simple charts, just looking at one timeframe and getting the best TDI set up we can find. Tonight, it's CADNZD with a pretty clean setup. Of course market could hand over my ass easily tomorrow and that will be great because I'll learn something. But on the contrary I can make a few pips. GL HF
CADNZD - Trade the Consolidation after breakout. Go with the direction of the break out. At the moment, price is looking to the down side for nice correction before continues with the upward moves.