$NZDCAD created a bullish Wolfe Wave in the 4hr time frame. The structure completed at 5' so we are looking at the Off-Set rule at point 4 as a target. Happy Trading.
D1/H4 hit resistance zone H1 already broke trendline and now forming LL > LH Wiating for H1 rejection candle!
Qualifiers MIDAS Support Curve S1 TD 9 Price Flip OBV Divergence Demand Zone Momentum Oversold + Divergence (Stochastic 5,3,3)
Thought I'd try keep up my namesake and post an NZD idea. Looking to re enter another short position catching upswing volatility around / during / after announcement (circle area )- so I can keep my stops tight. Not too worried that I will miss this trade. Hoping for a double top at area where MA 50 and MA 200 squeeze together around recent resistance just below...
Here we have a clear example know as a break and retest where previous support no became resistance. A break and retest of the black trendline is also on the cards with price making a 3rd bounce and lower high of the blue trendline.
This chart is significantly interesting for a variety of reasons. On a technical and fundamental basis I think we can expect NZDCAD to sell off in the intermediate to long term, and right here we have the perfect excuse to join in on this action as a position trade. The entry is a discretionary entry, below the previous monthly close, in case next month, we stay...
NZD/CAD has re-entered the channel after brief dip below, has edged above 10-DMA in today's trade and 5-DMA has turned north. The pair failed to close below strong support at 0.8874 (double bottom, Oct 27th and Dec 4th 2015). Stochs are showing a clean rollover from oversold territory, and RSI strong and biased higher, at 46 and further room to run. Price...
FX:NZDCAD Bulls Mode: . Expecting Bearish RSI Divergence and a pull back (wave 2); . Wave 3 targeting the 161% extension of wave 1; . New pull back that can not cross wave 1 top; . Wave 5=wave 1 target @0.9250$ Bears Mode @61.8% from previous move (A to B); AB=CD target @0.8735$ Safe trades; open.spotify.com
Going short on the broken bull trend, its in consolidation and im hoping for a smooth ride to next trend line.
The pair has broken below the uptrend and is now correcting towards it providing a good opportunity to consider shorts.
Prices are below KUMO Lagging span broke its own KUMO Prices are below the trend lines Resistance around 0.89700 I wouldn't trade if prices enter the red triangle (uncertainty) Wait until the Lagging span crosses down the trend line before selling 1st target 0.86570 2nd target 0.86220 3rd target 0.85280 tight stop loss just above Tenkan Sen around...
Hi, I sold high in the third convergence and I let run the trade. The price went down in waving many times and taking months to reach the TP. I am aware that I closed the sell too soon, but the profit was good. In reality, after months I had forgotten to change the Take Profit. In any case, this was a Great Trade and the Best way to Close this profitable...
NZD/CAD has broken below strong trendline support at 0.9075 and hit fresh 2-month lows at 0.8887 in today's trade. Next support for the pair lies at 0.8874 (double bottom), breaks below could see downside upto 0.8780 levels. Techs point further downside, RSI and MACD are biased lower. Price action well below the cloud and we see a 5-DMA bearish crossover on...
NZD/CAD upside has been capped at 0.9226, pair has edged lower to currently trade around 0.9140. Price action on the 4-hourly charts has dipped below the cloud and 5-DMA, momentum studies are bearish, support further downside. Strong support on the downside is located at 0.9080 (cloud base and Feb 19th low), breaks below could see test of 0.9065 (rising...