Hello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ Monthly, Weekly, & Daily is bullish. We go on the weekly where we can see that we have an ICI to the upside and a major support structure where the market has tested it multiple times before, we are expecting it to retest the support...
📈 NZD/CAD | Potential Upward Movement 💡 Buy Limit Order @ 0.88359 🎯 Target Profit 0.88820 🛑 Stop Loss 0.88128 ❌ Do not risk more than 1% of your account on each trade Description: The price found buyers around the 61.80 % Fibonacci retracement level after managing to break the bearish channel pattern. This shows that the buyers are taking control of the...
Couple long term targets for NZDCAD on the Weekly Could break to the upside from where it is now, third touch of the 38.2 fib retracement + possible end of correction cycle
After finding strong support in 0.8620 zone, NzdCad reversed and made a first leg up to 0.9 figure. Now the pair is correcting this move and this can be a good chance for bulls to get onboard 0.8780-0.88 zone is strong support at this moment and dips to that zone should be bought for a new rally to 0.9 zone
Hey traders, here is the analysis for the NZDCAD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
When this market is trending, the relationship it has to the 20EMA is consistently good. The EMA holds the price down when bearish and provides support when bullish. When price touches the EMA it has been a good location to take a trade in line with the trend. We seem to be at the start of a new bullish move and if this holds true, taking a buy at the next...
Looking at the Daily Forex charts and using the High Probability & Divergence methods from my books, there were 3x new trade setups identified today. Just be careful of correlation though as the NZD is involved in all 3x trades. Enjoy the weekend all. Cheers.
Hey guys, this pair traded to a strong support zone and bounced. We see formation of a double bottom which is a bullish reversal pattern. It also broke the trendline on the right. With those confirmations, i'm looking to go long on this pair
For a month now NzdCad is in a downtrend. However, the pair is approaching a great support zone and a buy trade in this zone can have a 1:3 R:R for swing traders Buy dips under 0.87 can be a good idea and a dive under 0.86 would negate this scenario
Bullish Indicators: 1) Bounced from the upward trendline 2) Support zone 3) Followed by the three white soldiers 4) 78.6% Fib Retracement level Bearish Indicators: 1) Descending trendline 2) Resistance at 0.87890 Plan A: On the breaking of resistance level 0.87890 and downward trendline one can buy for the target 0.88535. Plan B: On the breaking of upward...
Hey guys, This pair previously formed a double top and was bearish till it got to that lower trendline which shows lower highs forming. I'm bullish on this pair. Incase it breaks that lower trendline, my bias will change. Happy trading
Nzdcad start with up trend, because one hour time frame candle form of higher high formation and then day chart candle tough trend line
Buy Zone 0.87346 - 0.86981 1st Target (RRR 1:3) 0.88170 2nd Target (RRR 1:6) 0.89307 at Top Expected Range Move the stop loss to breakeven after 2% profit
FX:NZDCAD The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
Hi Everyone, After the rotation in the channel we arrive to the supor level & Base of the Bullish Channel with the indicator in the area of Overbuy Time Frames => M5&H1&H4. 1) First, I want to see a Breakout of the bearish Channel. 2) Second, I want to see any signal, Chartist, Candles or in the indicators to get in. Then I trade as usual 1% Risk. 0.5% for the...
BASED on Daily chart NZD/CAD at strong support level. Possible pullback to 88.15 price range. Not a trading advice. Trade wisely.
I would expect the price to come back to the equal low liquidity before we see any signs of bulls. I would want to enter sells on a slight pullback. If we see a pullback with signs of rejection I will be scaling in sells for a juicy drop to the downside. Do you agree with me?
price already broke the uptrend channel and already make an retest to, waiting the candle confirmation and we ready for short trade. But price maybe broke the retest and going uptrend. remember always waiting for the breakout + retest + candle confirmation + money management + psychology. GOOD LUCK