This chart shows RSI above 50 with double bottom and double top both patterns but we can see there isn't any bearish engulfing candle.
NZDCAD has formed a falling wedge pattern indicating a trend reversal
1-Prezzo sotto la media mobile 200- siamo contro trend quindi RR 1 2-Heiken Ashi candela verde corpo pieno 3-Rsi superato a rialzo sopra 30 4-Macd intreccio a rialzo SLoss minimo precedente Tprofit Area Resistenza 0.8128 Spostare Sl in pareggio a 0.8115 e chiudere metà posizione!!
As you can see, everything is highlighted, price is bullish in both weekly and daily time frame, in 1 hour time frame price has raided the previous day high hence we expect to see retracement, and not just retracement but a price has to go to a deep discount in order to be bought.
after breaking the trendline it will just go for high chances
As per Price Action at this level there Is a short opportunity on NZDCAD.
A price action below 0.8095 supports a bearish trend direction. Increase short exposure for a break below 0.8075. The target price is set at 0.7985. The stop-loss price is set at 0.8185 (its 200-day simple moving average). An incomplete falling wedge patterns seems to be developing.
We can attempt to short NZDCAD from specified level as LH , 0.5 FIB , trendline resistance , EMA 100 occur. SL , TP mention in chart
The NZDCAD pair persists in a bearish trajectory, characterized by successive lower highs and lower lows, indicating a likelihood of continued downward movement.
22nd April to 26th April Week Analysis. It's all about probability. You can't predict price with 100% Accuracy, Atleast you can try it! Watch the charts, If you like then do follow on X and Tradingview.
After beautiful profits selling this asset we´ll look for buy opportunities. Type of order: pending buy order. Risk:reward 1:2.5 If price continue going up, we´ll remove it. Blessings. Good luck.
CADNZD is currently demonstrating a robust bullish momentum within a significant support zone, coupled with adherence to an ascending trendline, suggesting a favorable bullish trajectory. This analysis delves into key technical indicators to assess potential trading opportunities. Key Technical Factors: 1. Bullish Momentum: CADNZD exhibits a notable...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Harmonic Pattern: The Crab Harmonic pattern is a reversal pattern that indicates potential trend exhaustion. In this case, the presence of a Crab Harmonic pattern suggests a possible reversal to the downside for NZDCAD. Technical Indicators: Confirmation: Look for additional technical indicators or chart patterns to confirm the potential reversal signaled by the...
nzdcad is trading in Bullish trend with no divergence at top secondly at 0.618-0.78 fib support AND At horizontal support and making HL place buy with risk defined below Last low
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello Traders In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET today NZDCAD analysis 👆 🟢This Chart includes_ (NZDCAD market update) 🟢What is The Next Opportunity on NZDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...