NZD CAD, presenting us a great opportunity for a short. A clear 4h break of 0.90476 and a retest on 1h would be a great entry for this pair. For a nice 120 pips! I will updating you guys. All of the best TRADING PROTECTION
Wait for break and close, out of the wedge.
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
Perfect 3 level rise, all timeframes from top down analysis shows this pair about to drop. right now its in consolidation, overall on this pair i like the sell on it.
NZDCAD going down after hitting the strong resistance at 0.9000
Hi traders, I am hoping to see a clean Bollinger Band spike for a reversal to the downside. If it does not happen, then I will anticipate a trade once the support below breaks. Let's see how the chart develops. We will very likely see an RSI Divergence as well. (This is not a trade recommendation!)
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.