This week, NZDCAD broke through and closed below an important horizontal support level. The broken support has now become a resistance level, which the market is currently retesting. I anticipate a bearish trend continuing towards the levels of 0.8117 and 0.8070.
NZDCAD can be attempted to short at LH (also bearish divergence occur) by placing Sell limit. SL , TP mention in chart Analysis at 1 hour
Price has met key level and bearish continuation likely
Price Action BIAS Daily : Short 4Hourly: Short Price retraced to H4 horizontal level and created a H&S pattern. Price formed a lower low. Set a short trade in H1 H&S neckline (Horizontal Level) Targeting daily swing low.
NZDCAD looking at 2-DAY timeframe, we have successfully identified, about future move of the pair, price have dropped significantly and currently doing some major correction, in our view price previously have done the similar movement. Although, the price is bit far away from our selling zone, still it is very likely that it will take sometime to reach our...
NZDCAD formed a head & shoulders pattern after a test of a recently broken horizontal structure support. I think that the pair may continue falling, after the release of Crude Oil Inventories data today. Initial target - 0.8115 ❤️Please, support my work with like, thank you!❤️
Waiting for a break and retest of 0.81635 to short NZDCAD back to 4H swing low at 0.80705 If you agree drop a like and if you have any questions leave a comment :)
NZDCAD is showing Bearish divergence and it break its Last HL plus its Trendline which shows potential break on uptrend sell on CMP with risk define previous highs
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We may enter short after correction .. as directed by Chart above Weekly down Daily down 4hrs about to follow trend heading down We are searching for confirmation to Enter after few hours .. Safe trade and Do risk management well
Price is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.81639 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 0.81898 Why we like it: There is a pullback resistance level...
NZDCAD is trading in strong bearish trend and consistently printing LL LHs. and is about complete ABCD pattern at strong daily resistance level. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level. If the buy momentum continues the next target could be 0.80200 What you guys think...
NZD CAD PRICE - BACK TO IMBALANCE ZONE we got a break out of up trend line nd takes retest after price will be down fall till support zone make a short entry as shown in the picture follow for more live updates
Using the BBMA Strategy by OA, a Re-Entry Long in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ). 4H - Re-Entry 1H- WAIT for 50 EMA Rejection + Extreme long 15m- wait for CSAK + Retest in MAHILO min 15m Note: * Cancel trade or cut-loss when candle close below MAHI in 4H * 1:3...
Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and then rejected from bearish order block + institutional big figure 0.82000. Fundamental news: On Wednesday we will see...
Forecast: Return to Bullish Trend (Daily) Bullish Above 0.81100
I'm expecting to see price rallying from that price point i have shown since, where price is, i see a very deep price discount which is a nice place to buy do not forget to follow me for more insights