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Nzdcadshort

NZDCAD - SHORT - SWING FORECASTWill be looking at short positions for this pair for the following reasons. It is approaching a point of Major resistance . It is sooo far above the Hull 250 EMA that it has to retrace (to get back to equilibrium) most likely to the previous major support level before retesting the resistance level again. This is a long-term swing for me looking forward at least 6-8 months. Once it reaches the major resistance zone, I would start looking for short positions. I would need to zoom in to get a better entry point, once price approached the major resistance zone. **This is just my trading thought process and does not constitute as financial advice. **Trading with proper risk management
Short
by MOGBEBOR
[ALERT] Correction Imminent On NZDCAD ??This pair has been on a near 9 week bulllish run and fast approaching a untested Monthly SUPPLY/SELL zone just above 0.85 you should now look for a correction down towards the last swing high in the previous down leg around 0.82 though it may drop down to 0.80 before heading back up and going the higher levels of the Monthly SUPPLY/SELL zone. So I am now looking for a 4hr or above on my custom indicator to catch this first correction down towards 0.82 or below. I will post updates when the trade is triggered. Don't forget to boost and follow me for updates
Short
by TheFxAce
8
20 Reasons for short NZDCHF🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Bear 2 📆Monthly: Bear 3 📅Weekly: Bear rejecters' last resistance 4 🕛Daily: Bull but a massive gap down reversal 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: bull 6: 2 Pattern Candle Chart: key reversal, gap-down, double top, bull trap, also major tf rejections 7: 3 Volume: dried 8: 4 Momentum UNCONVENTIONAL Rsi: range shift bullish to sideways 9: 5 Volatility measure Bollinger bands: squeeze started 10: 6 Strength ADX: sideways 11: 7 Sentiment ROC: CHF is always stronger then nzd ✔️ Entry Time Frame: h4 12: Entry TF Structure: Bullish wait for confirmation 13: entry move: sideways Narrow 14: Support resistance base: support at h4 OB AND FVG 15: FIB: wait ☑️ final comments: wait till confirmation 16: 💡decision: after confirmation, we go with bears 17: 🚀Entry: 0.5871 18: ✋Stop losel:0.5922 19: 🎯Take profit:0.5645 20: 😊Risk to reward Ratio:1:7 🕛 Excepted Duration:7 days
Short
by Optimum369