A reversal from NZD/CAD is expected as it's finding support on top of ema's that acted as resitance up to now.
We can expect it to move back up and hit the 200 ema area *if the 20 ema on the 12 hour holds as support*.
Give it 8 more hours to confirm its strength to reverse.
Let's see NZD CAD , thought 0.91500 might act as strong support and let start a retracement but 3 minutes ago , 4h candle close above the previous high , so i'm looking for some long position . Would wait for a retest of the resistance with a SL below the candle. First target might be around 0.92500 , old support zone that this time could act as resistance....
Let's the party begin.. if you are noob please don't get scared if pullback happens before continuation of the trend..the white lines are daily charts support and resistance. SL is from daily resistance...
move trail your stop 40-50 PIPS..
PS: my favorite bearish divergence .. i missed the entry earlier on this but will be adding position at pullback...
Please...
Weekly
8 period moving average has crossed above the 16 period moving average. Referring to a monthly chart this could be the dip in order for the long term up trend for this pair to continue.
Daily
Looking at the daily chart, a head and shoulders pattern has formed. The resulting neckline can be drawn in two ways:
1. Horizontal at 0.91 - in line with the...
From my view NZd outperform and cad underperfom so i made this intraday trade
short at 0.8980
target 0.8920
gains 60 pips
in 2 x 1 lot when first lot reach 25 pips i cut it and make the second lot with a SL at + 15 pips
i short bzd cad because i found cad very undervalued
also NZD milk price was down of more 3% since last and new Giv and member on monetary policy is still not clear for futur.
short at 0.9021
target 0.8920
Gain 101 pips
come with 2x 1lot will cut the first at +30-40 pips and make a Sl on a 2nd at +15 for securite 45-55 pips if my plan fail
OANDA:NZDCAD The reward to risk ratio is almost exact. Past 5 years and max have been profitable. Past few month have been non-profitable and filled with some more downward trends or negative correlations. Past year have been bad, and past day haven't been optimal as well as past week in terms of nice results. However, I am seeing a butterfly effect with an...
Hi traders,
I am hoping to see a clean Bollinger Band spike for a reversal to the downside. If it does not happen, then I will anticipate a trade once the support below breaks. Let's see how the chart develops. We will very likely see an RSI Divergence as well.
(This is not a trade recommendation!)
