Wait for break and close, out of the wedge.
As you can see in the graph above after each increase the price fell by an average of 1000 pips, At the moment we are about a drop of only 300 pips that means we have about 700 pips of price fall Our signal: NZDCAD Entry Price: 0.8932 Stop loss: 0.9150 Take Profit: 0.8300
Strong bias on Short positions as soon as the price breaks the neckline where it is currently hovering... Possible bear and bull movements are clearly shown by the arrows.
Potential swing opportunity forming on the weekly time frame for NZD/CAD. Confirmations - 1 - Multiple rejections on the long term trend line 2 - Potential Head and Shoulder pattern forming on the weekly timeframe 3 - Retest of resistance
BUY & SELL After Breakout Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
Perfect 3 level rise, all timeframes from top down analysis shows this pair about to drop. right now its in consolidation, overall on this pair i like the sell on it.
NZD/CAD BL@ 0.90350 TP @ 0.92350 SL @ 0.89350 Trading mindset: 1. Use 1% risk 2. 1:2 risk/reward 3. Wait for update to close manual! In longer term it pays off very well and keeps your capital safe! Breakeven: If you are correct 33% of the time, your capital is safe. Adopt this mindset in order to be successful trader.
NZDCAD been moving to the upside in a very strong pace. The pair reached major structure level and giving reversal signals. Watch the recording for all the details needed.
NZDCAD moved to the descending trendline where i personally got short entry at 0.9241 right at the lower timeframe double top and it moved down nicely. Of course there will be another trading opportunities on the lower timeframes. Targets are set and now wait for pullbacks to resistance levels.
Price hit .92628 which happens to be - 1) .68% FIB level from 2018 high to low, 2) Resistance level 3) Trendline. 2 scenarios can play out, the price moves higher than .92628, break of channel, 300+ pips OR drop back into the channel 300+ pips The Trigger is on Dec 19th, Q4 NZD GDP numbers come out, prev NZD GDP was a huge surprise - Previous - 2.6%, Actual...
NZDCAD Double Top opportunity but it may go up if the above resistance line is broken
Forex : Technical Analysis : NZDCAD : There is confirmed bearish divergence on the daily chart confirmation is from daily high test and failed break out falling back down below previous horizontal resistance OANDA:NZDCAD
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Hi, As you can see there is a strong level which is a good level & probably would make a retracement for the price we need to see the first rejection then we have a good opportunity to get a trade Good luck :) Happy Pips!
NZDCAD going down after hitting the strong resistance at 0.9000