Many confluences to the the downside, Very strong short opportunity which could yield yearly returns. Reasons fro the trade are shown on the chart! Please like or comment.
Bearish bat pattern finishing up at a previous structure and trendline. Targets as shown
50% HIT ON ABCD PATTERN ALSO WAIT FOR ATRENDLINE FOR AN ENTRY
After the RBNZ announcement cancelled the last NZDCAD short, a new opportunity has presented itself. A bearish WW has formed with the touch of the 2-4 parallel confluent with the 50% retracement level. We also have a potential E point of an expanding triangle complete which may mark a larger reversal from these levels. On the daily chart, the pair is contained...
Last week we had a losing trade on NZDCAD. This week we have a shot at redemption with a crab pattern. Pros: 1. Nice round number 2. Good weekly resistance 3. Crab pattern Cons: The Point isn't great. Going to watch for reaction here before taking a trade.
At a resistance zone, looking for a bearish price action to go short all way down to the next support area (target 0.872 at least)
June 8 -Nzd- rate day
possible short opportunity, awaiting MACD and VI confirmation for entry.
This bat pattern isn't the greatest but it comes close to last week's high. Likely to be a big move so have to be patient.
I am Short At this Point Looking Good Right Now Will Hold And See That if it hits take profit level or not REasons to short Huge Strong resitance line nearence After breakout pullback formation downtrend Continuation Channel Breakout Volume is descent For More Info Do Add us skype:toosmart2trade and add us whatsapp:+923131086711
NZD/CAD has broken major trendline support at 0.8790 and is currently trading around 0.8710. Technicals on daily charts support downside in the pair. Stochs are biased lower, momentum studies are bearish and MACD line is on the verge of a bearish crossover on signal line. The pair has slipped below 50-DMA at 0.8821 and major moving averages are biased...