Standard fakeout trade opportunity.
Price briefly crosses above the 0.9110 level and fails to hold above.
After seeing price fail to close higher for one 4-hour session, good timing to optimize entry.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take...
NZDCAD also looking promising for shorts. We will need to wait for it to reach the purple box region which has been placed around the 0.86500 level, this also meets with the trend line as well as the 61.8% level giving us multiple confluence for this to be a level of interest.
However, we need to wait for further rejection of this zone, so multiple 4hr candle...
The outlined white arrow pathway is the predicted pathway that the NZDCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where NZDCAD will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...
Can we get a Lower High to confirm the market has shifted from a bullish trend to now a bearish trend?
I’ll monitor price action this pair for a short opportunity.
If you do your own Confluence you’ll find a few to support this idea.
Will post an update as it plays out.
As you can see in the graph above after each increase the price fell by an average of 1000 pips, At the moment we are about a drop of only 300 pips that means we have about 700 pips of price fall
Our signal: NZDCAD
Entry Price: 0.8932
Stop loss: 0.9150
Take Profit: 0.8300
Pair broke the 0.92082 weekly support so riding the bearish trend with TP @1.90 and tight SL @0.91. With bearish NZD from stronger USD, and stronger CAD due to bullish sentiment on oil as well as from stronger USD, this pair will more likely slide down to 0.868 new support level by next month if it doesn't bounce back up soon this Friday or earlier next...
NZDCAD is currently in a channel that starts to shape like a wedge. Currently the price sits close to the lower range.
As you can see we can now also draw a new upper range. A break of this will confirmed the buy. A break of the lower range confirms a sell
Have some patience and wait till break-out from either side, this break-out will happen on Friday and can...
