Forex : Technical Analysis : NZDCAD : There is confirmed bearish divergence on the daily chart confirmation is from daily high test and failed break out falling back down below previous horizontal resistance OANDA:NZDCAD
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NZDCAD going down after hitting the strong resistance at 0.9000
NZDCAD, showing probability weakness in nzd, nzd near top and suspect reversal in all nzd pairs. cad getting strong. Open two positions by dividing risk half on both, one for short term profit while 2nd hold for target 2 and target 3.
for those following me, you would have made some gains on this one. the expected reversal seems to have now happened. i am expecting this to go up now I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE :)
for those following me, you would have made some gains on this one. the expected reversal seems to have now happened. i am expecting this to go up now I APPRECIATE ALL LIKES, COMMENTS AND FOLLOW FOR MORE :)
Price tried to breaks the descending trend line but it couldn't make it. A Piercing line pattern happened right under the trend line. I believe we should look for bearish positions.
for those following me, you would have made some gains on this one. i am expecting this reversal before it jumps back up see previous analysis below like, follow and comment:)
for those following me, you would have made some gains on this one. the reversal has started as predicted. now lets follow the next set of waves like, follow and comment:) PLEASE SEE PREVIOUS CHART BELOW
NZDCAD UPDATE FOR LONG the blue bar will be my buy zone. it could extend to around 0.82150. watch out for a flag and buy once it get close/enters the blue zone like, follow and comment :)
NZDCAD is testing its major support on higher time frames, i am expecting a possible strong break of the current structure or a double bottom and then sharp rallies, so either way i am looking for longs on this market. Watch this out! Trade Safe!
A reversal from NZD/CAD is expected as it's finding support on top of ema's that acted as resitance up to now. We can expect it to move back up and hit the 200 ema area *if the 20 ema on the 12 hour holds as support*. Give it 8 more hours to confirm its strength to reverse.
Highly likely to reach the next target as shown.
NZDCAD ANALYSIS Waiting for Daily Trendline upward break to think LONG OR Waiting for H4 Trendline and level 0.9 downward break to think SHORT Good Luck !
Teacup on the 1 Hour. Entry: 0.90666 SL: 0.90966 (30 PIPS) TP 1: 0.90166 (50 PIPS) Don't know if this will play accordingly due to the fact that my second bearish candle at the start of the cup didn't fall past the first one. Keeping a close eye on this one. (I'm a student sharing my trade ideas. If anyone has input please share!) *This is not a signal,...
Hi traders, NZDCAD has been ranging between 2 big resistance/support lines. I was waiting for this opportunity to enter this one now that it is closing in on the top resistance line. This gives us good RR Here is what I'm thinking : NZDCAD SHORT ENTRY : 0.91542 SL : 0.92229 TP : 0.88594 Trade safe! Disclaimer: This is my trading analysis, it is not an...