Not long to go until the markets open! here is a potential four hour short setup on NZDCAD, Price is already at our AOI (Area of Interest) and we are waiting for a confirmation at this level to short it!
We have two possible entries for you!
First entry is at the current level off the 618% fib level, trendline touch, ema and support now turned...
NZDCAD looking to short ( sell ) on the supply area smart money zonal on the order block 50% of candle moving down taking partials however we require a break of structure to the left before the initial push back up to the entry area
Failure to break above this resistance level and we will see a continuation towards the downside for NZDCAD
🔹Disclaimer: This Chart set up is to be used for educational purposes only, this information is not a recommendation to BUY or SELL.
🔹Seek Professional Financial advice if you are going to invest or trade in the FX Market
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on NZDCAD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
Potential short for NZDCAD going into next week
With CAD gaining strength due to OIL prices surging to the upside, we should see a decline in NZDCAD in the coming days or week!
- Disclaimer: This Chart set up is to be used for educational purposes only, this information is not a recommendation to BUY or SELL.
- this is just a PREDICTION and i have no reason to...
Still in an uptrend. Want the price to come up higher potentially create a head and shoulders. The reaction off daily highs & the second shoulder would give us our entry confirmation. Looking for lower highs and lower imoulsive lows.
Here i explain why we can see a move to the downside for NZDCAD and how we could see a move to 0.90700 and if wee keep up this momentum we see NZDCAD drop even further to reach 0.90000.
Leave a comment if you agree, disagree or have any questions :)
BIAS - SHORT:
NZDCAD has been bullish for quite some time but has now reached resistance on the weekly time frame. A Clear daily ascending channel 3rd touch confirmation is also evident, with lower time frames like the 4hr and 1hr showing signs of reversal patterns. SHORTS can into 0.9000 are very favourable.