This is a follow up on my previous publication (see link below for reference purposes) on this pair as the price action continues to flow according to expectations! Unlike my previous publication, Excited to let you know that I have captured a distinct and tradable pattern on this pair. The appearance of a Double Top pattern - a strong Reversal structure appears...
NZDCAD has failed to break above this zone of interest and on the pullback, is showing strong rejections and the setup has high R:R.
Hey traders, hey is the analysis I see on NZDCAD. Let me know your thoughts below.
Observing the Day chart, despite the obvious that we are in an uptrend wave; we are beginning to see a Reversal structure as Buyers appear to gradually lose momentum and Sellers receiving the baton to push price further down with the hope of respecting the Bullish trendline on the daily chart. Tendency: Downtrend ( Bearish ) Structure: Reversal...
NZDCAD, Sell if it touches that area. + Strong Resistance! Trade when the Price Action Tells!
👋 Hey there traders, and welcome to a brand new pair breakdown! 📌 If you like the content that I produce for you all, show some love by smashing the like and follow button, also, leave a comment! That keeps me motivated to produce more content! 📌 Why should you follow me on Tradingview? I'm transparent. I provide educational content. High probability...
Hey guys, I posted the NZDCAD idea 💡 on 14 January, and it's running in 60 pips of profit. Let me know in the comments section if you guys have any questions. Thanks
... if you haven't done so already.
The counter is currently in its final stages of the bull cycle. We expect a three-wave bear cycle to follow it up after the strong run-up. It is trading around a strong resistance, which could be used to initiate short positions.
As we can see market is going in uper channel. So we will find a sell opertunity near its resistence if market show a fake out. we will enter on divergence strategy.
This is NZDCAD 15 minutes timeframe analysis, i'm expecting this pair to go up for 50 PIPs as my final TP.
Bounce off pennant support + Breakout above downtrend resistance + RSI bullish divergence signal ↗️
Nzdcad preints an head and shoulder pattern, curently there has been a breakout of the neckline and a retest, We expect a fall in the currency pair up to 0.85700 region Goodluck