NZDCAD SELL IDEADue to the facts that this pair has been trending downwards since 2017 and that it also closed extremely bearish on the weekly timeframe, this trade is aiming to catch the continuation to the downside once the pullback has finished. Also because price has broken above SUPPORT on the daily i am looking to see price reverse sharply causing the weekly candle to look bearish while we have entered at the top of the wick.
Always use 1-2% risk management per trade.
NZDCADANALYSIS
NZDCAD short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDCAD approaching resistance, look out for potential reversal!
NZDCAD is approaching its resistance at 0.85820 where it is could reverse down to its support at 0.82797.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Short NZDCAD Move For Short-term/Intraday Trading SetupA short term downward move can be expected in NZDCAD, especially after the big rally because of falling crude oil prices (CAD is heavily reliant on crude oil prices). I feel that some government intervention will happen to cool off such dropping prices, leading to crude oil prices increasing a bit in the short term, thus giving some strength to CAD, which will cause NZDCAD to fall (expected target is 0.85100).
NZDCAD long trade ideawait for the price to test the key support level --> BUY ,. please do your own research before placing any buy order. good luck!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
nzdcad nzdcad on the 1H timeframe . nzdcadis currently at a key level of suppord which as you can see has been tested quite a few times in the past. I am expecting it to go long.
always use proper RISK MANAGEMENT
please comment any questions or thoughts u might have about my analysis or this pair
NZDCAD--Weekly Market Outlook from 06 to 10 April 2020
Follow me for more update and Analysis.
What You Get:
- Weekly Market Analysis using my strategy.
- Results of our tried, tested and proven Strategies
- Latest and greatest news and content from the Forex World
Never Trade alone
we really hope you enjoy the All analysis
thank you
NZDCAD potential bounce!
NZDCAD expected to reverse up to 1st support at 0.85981 where it could potentially react and bounce to its resistance at 1st resistance at 0.83459.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDCAD long trade ideaPlan : wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
NZDCAD long trade ideaPlan : resistance level breakout --> wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Historical data favors Short NZDCAD(Prediction 52) (Currently at -285pips)
Based on historical data, NZDCAD will not go above 0.8570 within the next 16 hours
Entry price: 0.8500
Take profit: 0.8430
Stop loss: 0.8570
(This applies to timezone UTC+8 16 Mar 2020 11pm to 17 Mar 2020 3pm )
(Enter at your own risk, 1:1, you either get up to 70pips or lose up to 70pips)