As per my analysis before,.. If you follow my analysis from the beginning, maybe you know I’m a long term bear on all this NZD pairs... So Far, this still looking good. NZDCAD has make its 1st impulsive move to the downside lat week. After that,.. I see a decrease in the momentum and i exitmy position at the bottom. After that this pairs continue to move sideways...
Like my forecast before, I’m still waiting for a short opportunity on NZDCAD. After waiting for a several weeks, the short opportunity haven’t present it self to us. Now,.. Looks like it finally ready.
NZDCAD is on the top area of HTF structure while forming an ascending channel while approaching this area. Now, the price has broken back below the ascending...
The third touch on the trendline could be rejected for push downtrend. Although, it should be noted that the pair has made new higher highs so careful monitoring of this pair is important.
Potential entry @ 0.87684
SL: 0.87931
TP1: 0.86834
TP2: 0.85692
NZD / CAD finally broke through the strong structure, and did the bounce as we drew, now what we hope is that it will break through and close below 0.87600, and then it would be a nice opportunity.
Welcome to our weekly trade setup ( NZDCAD )!
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1 HOUR
Sideways market structure around main sr level.
4 HOUR
Price looks like we might see a strong drop shortly..
DAILY
Good short positions, overall bearish looking market.
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FOREX SWING
SELL NZDCAD
ENTRY LEVEL @ 0.88760
SL @ 0.89320
TP @ 0.87950
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels...
Hey tradomaniacs,
welcome to a new free trading-setup.
NZD/CAD: Day-Swingtrade-Execution
Note:
After long NZD/CAD last week market has exactly reached my short-area.
This is the first attempt this week so I will keep my risk low.
Market-Sell-Order: 0,88040
Stop-Loss: 0,88445
Target 1: 0,87660
Target 2: 0,87365
Target 3: 0,87080
Stop-Loss: 40,5...
