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NZDCAD - 4H bullishLet’s break down the NZD-CAD pair's recent movements. Back in October, we witnessed three bullish legs that propelled the index upward, following a touch on the last demand zone. Fast forward to December, the pattern repeats with another three-leg movement bringing us back down to that demand zone. Now here's the exciting part – based on these patterns, I'm predicting another climb, targeting at least the previous high. Stay tuned to see how this plays out in the live market
Long
by Sober_Trading
2
USDCAD: Sharp sell towards the annual low.USDCAD is being rejected on the 1D MA100, having turned bearish when ir crossed under the 1D MA50 on November 24th. The 1D technical outlook is naturally bearish (RSI = 40.749, MACD = -0.004, ADX = 31.294) giving us the ideal sell opportunity for an additional short, that will aim this time for a -4.00% decline from the top (TP = 1.33500). The 1D RSI is on a perfect symmetry with the April 10th rejection point. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
NZDCAD - Catch The Next Impulse! NZDCAD has been in a correction for almost a year and we might be at the start of the next big impulse. We're expecting NZD strength so we can assume that NZDCAD has bottomed out. Trade Idea: - Watch for BOS, trendline break or reversal pattern on lower timeframe - invalidation for this bullish scenario is below 0.794 so any entries will require a stop below that level - Targets: 0.85 (500pips), 0.88 (800pips) Goodluck and as always, trade safe!
by WicktatorFX
2
USDCAD: Your Trading Plan For Next Week Explained 🇺🇸🇨🇦 USDCAD closed, testing a solid horizontal daily supply zone. Analyzing a 4H time frame, I spotted a potential head and shoulders pattern on that. To short the pair with a confirmation next week, pay close attention to the neckline of the pattern. If the price breaks and closes below 1.3548, we can anticipate a bearish movement to 1.35 Alternatively, a bullish breakout of the underlined resistance will push the prices higher. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Watching for GBPCAD to follow EURCADWe saw a huge sell off when EURCAD broke it's uptrend last week so I'm watching GBPCAD to see if we get a similar flush. Price has been holding the trend now for several days with price barely able to escape and push higher, leading to further tightening. Entry signal would be a non ambiguous break of the Daily trend with stop above high of day if possible. Target is somewhere around the mid Nov break out as shown on the Daily TF, just over 100 pips away. Daily SWAP is -1.58% so a multi day is possible, but I wouldn't want to go over 3. Volatility around the CAD rate decision has the biggest downside effect on the idea if we get a break prior to the news. Not much we can do about this, if we get a sell signal before the release I still think it is worth taking.
Short
by RuckSack
GbpCad hold or not to hold?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. GbpCad at a key turning point ,to see more downside or continue its uptrend if it hold 1.71 band..let's watch and act accordingly. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys