possible short opportunity, awaiting MACD and VI confirmation for entry.
This bat pattern isn't the greatest but it comes close to last week's high. Likely to be a big move so have to be patient.
I am Short At this Point Looking Good Right Now Will Hold And See That if it hits take profit level or not REasons to short Huge Strong resitance line nearence After breakout pullback formation downtrend Continuation Channel Breakout Volume is descent For More Info Do Add us skype:toosmart2trade and add us whatsapp:+923131086711
NZD/CAD has broken major trendline support at 0.8790 and is currently trading around 0.8710. Technicals on daily charts support downside in the pair. Stochs are biased lower, momentum studies are bearish and MACD line is on the verge of a bearish crossover on signal line. The pair has slipped below 50-DMA at 0.8821 and major moving averages are biased...
Follow the main trend, it's the easy and profitable way. When price reverses after correction, it gives good entry levels and profit targets. Price bounced from Moving Average with period 50 and we have sell signal. Entry 0.8767 and stop order should be placed above 0.8875. Target 1 for short term could be 0.8605, it's near support level and Bollinger Band. Target...
The CAD has been weakening quite a bit. I like the level seen here for NZDCAD as it is 2 weekly highs next to each other. The crab pattern helps as well. Similar pattern in the USDCAD as well, but I rather choose this due to structure.
A double top on the hourly chart Bearish target at 0.8783
Good morning traders, NZDCAD is moving according long term view posted a few months ago. I entered a new short while below 0.88 on a daily close . Price below 50 & 200 MA after testing pullback, You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high...
Please see annotated chart for details.