#NZDCAD Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! ThankYou.!
Looking for 40-60 PIPS Opportunity do your own risk. If you like this idea, Give thumbs up and leave comment below Appreciate it!!!
Forex |NZD/CAD| bearish pennant pattern breakout
The dailly chart (see below) suggest that the Bears continue to take control of the prevailing direction of price action despite the 100pips Bullish run during last week trading session; I noticed that price has been caught within a Descending Channel since the beginning of the month with structures that support the tendency of respecting this Channel and even...
This is a follow up on my previous publication (see link below for reference purposes) on this pair as the price action continues to flow according to expectations! Unlike my previous publication, Excited to let you know that I have captured a distinct and tradable pattern on this pair. The appearance of a Double Top pattern - a strong Reversal structure appears...
Observing the Day chart, despite the obvious that we are in an uptrend wave; we are beginning to see a Reversal structure as Buyers appear to gradually lose momentum and Sellers receiving the baton to push price further down with the hope of respecting the Bullish trendline on the daily chart. Tendency: Downtrend ( Bearish ) Structure: Reversal...
NZDCAD is a downtrend and all confirmation are met
With over 350pips in our direction since my last publication (see link below for reference purposes); we are at a zone where the rejection of the Weekly resistance(Trendline) is happening with a tendency of decline in the coming week(s) feasible. Tendency: Downtrend ( Bearish ) Structure: Trendline | Supply & Demand Observation: ...
Pattern: Channel Down since 2017. Signal: Bullish as the price has entered the Lower Low zone. Target: 0.8400 (below the inner Lower High trend line). Previous signal:
NZDCAD bounced off the trend line. Look for buys.
Pattern: Channel Down on 1W. Signal: Bearish as the price was rejected on the 1W MA50, possible making an early Lower High. Target: 0.83000 and 0.80000 in extension.
Pattern: Descending Triangle on 1W. Signal: Bullish as the current bullish leg is expected to price a new Lower High after a minor pull back. Target: 0.89000 (Lower High) and 0.92000 (just below the 1W Resistance) if the Lower High trend line (red) breaks.
Pattern: 4H correction after a 1D High. Signal: Bullish as the price is testing the 0.618 Fibonacci retracement level and 1D Support Zone. Target: 0.88240 and 0.88800 (if 0.382 breaks).