currently, we are seeing price testing the demand zone, we need to wait for the price to react and bounce off from the demand zone before placing any buy order. wait until price formed a rejection pattern on a lower timeframe - do your own research! ;)
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Looking at going long, I will wait for this candle to close for more confirmation. Looking good so far. If you like the Analysis feel free to drop a like and leave comment and follow, we are grateful for all the love out there and we will share the love back 🤍
NZDCAD is position at price @ 0.8781 for a bull run . This is a short term analysis.
Overall, we should expect a pullback of price around @ 0.8789 and 0.8797 and if the price closes below @ 0.8797 then our move will be short to the downside with target price @ 0.8671 and @ 0.8663
I am bullish until the price reaches @ 0.8789
Good Luck Traders.
NZD - BULLISH
1️⃣ NZD benefitted from risk-on tone boosted after House Speaker Nancy Pelosi set a Tuesday deadline for the White House to agree on further fiscal stimulus.
2️⃣ Westpac’s economists say the RBNZ will need to take further action due to a low inflation outlook, after a recent house price surge sparked fears that the central bank could over-inflate...
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Analysis Number 4
12 October 2020
Price touched our reaction zone, now the price structure is still bearish so we cant take any long trades.
Wait for the price to shift in structure and momentum for any bullish setups.
AQZ Fibs Set Up based on 1 hour time frame. Price is near preferred entry.
I am entering trade now and setting stop loss at red zone 2.
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Thank you and Good Luck
The NZDCAD is simply heading for a H4 chart M formation impulse correction move.
1.7 risk/reward ratio. Around 70pips expected reward. :-)
One can enter at the close of the current bullish candle.
Plan: wait for the price to bounce off from demand zone --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you...