Nzdcadlong
NZDCAD BUY SETUP 4HR (BULLISH RECTANGLE)we have been witnessing a bullish rectangle on NZDCAD 4HR chart there are only two moves which price will make either it will move up and retest the top part of the rectangle and then continue upward or itll fall shortly and retouch the treandline and continue buying
NZDCAD long trade ideaPlan: wait for the price to bounce off from support level --> 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 like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
NZDCAD: Breakout to the Upside ProbableLooking at the church, It seems to me that breakout to the upside is more probable. However, it always wise to wait for price to confirm it to us.
Happy Trading
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This idea is for entertainment purposes only, and must not be construed as an investment advice.
NZD/CAD bullish rectangleHey followers,
I will really apricate any likes and follows, that would help growing this channel.
There is good example of bullish rectangle on 4H chart with NZD/CAD. Price is taking a breath before making another move up.
Let us know what you think about this idea.
Trade safe !
NZDCAD (Neutral)Long Term Trend:Bearish
Short Term Trend: Slightly Bullish
In tern of the overall look on nzdcad you can see that the trend is a downward trend. Currently the price is in a consolidating phase , which means that it can either go up or go down. Wait for the breakout to happen after the consolidating before you enter this trade. The TP line (take profit line) i have already establish both long and short position. Let monitor how the price go before we enter this trade. if you guys are interested to know when i open my trade , please leave a comment below :)
Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :)
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Quotes "The key to trading success is emotional discipline"
NZDCAD potential bounce!
NZDCAD expected to reverse up to 1st support at 0.84441 where it could potentially react and bounce to its resistance at 1st resistance at 0.85598.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> 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 like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX






















