Nzdcadforecast
NZDCAD--Weekly Market Outlook from 06 to 10 April 2020
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NZDCAD potential bounce!
NZDCAD expected to reverse up to 1st support at 0.85981 where it could potentially react and bounce to its resistance at 1st resistance at 0.83459.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZD/CAD SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan.
NZD/CAD: Day-Swingtrade-preparation
Market Sell: 0,84320
Stop-Loss: 0,85100
Target 1: 0,83530
Target 2: 0,82990
Target 3: 0,82250
Stop-Loss: 80 pips
Risk: 1-2%
Risk-Reward: 2,60
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Peace and good trades
Irasor
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NZDCAD sell wag wan trading fam, another short it looks like here. rejection of the 61.8% as well as the descending trend line. SOOOO its looking decent for a short. Watch out for wick fishing up top the 100% and make sure stops are above this. Lets see if we can ride this one down further. Enter upon a 4 hr rejection candle of the purple box shown.
200 PIP GAIN 5/1 RR
NZDCAD approaching support, potential for a bounce!
NZDCAD is expected to drop to 1st support at 0.85166 where it could potentially react off and up to 1st resistance at 0.85343.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD SHORTNZDCAD 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 closures forming a spinning top or doji candle (like in the blue circle shown above). If this does become into fruition I will be taking shorts down to the -61.8% Fib level, taking partial profits at the 0% and the -20% to secure some profits.
185 PIP gain 4.5/1 RR
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Trading Pathways Analysis of NZDCAD H4 Chart
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 INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways






















