NZDCAD, GIVE THE BULLS SOME SPACE!Hello Traders,
After that massive impulse in the 27th of March we have been looking for the perfect opportunity for a long position, however, our support levels didn't match, until now.
What we are looking for here is an H4 rejection in one of our support levels.
Give this trade some room because it can take a little bit to reverse, we can still see a move to our major support level, you can look for reversals in 1H and 15M in order to get a better entry, but remember, the lower the timeframe, the riskier it is!
Best of Lucks,
GlobalYouthTrading
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Nzdcadbreakout
NZD/CAD - ~200 Pips OpoprtunityA 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.
NZD CAD - Breakout triangle continuation , let's go up!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.
That's just my analysis , my opinion , you don't have to take this post as a financial advice. Remember to always protect your capital.
Have a nice day traders , remember that this week will be a high risk week because of the meeting will occur this week.
NZDCAD - bearish trend beginsLet'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 hit "LIKE" to support & follow for more ideas.
Vinny
NZDCAD Breaking OutOn the daily time frame NZDCAD is showing a nice ascending channel. Previous candle touched the upper range and the current candle is trading outside of it,, making it a sweet buy setup. Stoch also just made its bullish cross over.
Ive pointed out the next resistances areas which either be used as take profit targets or a target at which you move up your stop loss to lock in some profit and aim for the next resistance.
stop loss 0.9270
NZDCAD Awesome Bearish SetupOn NZDCAD we have an awesome bearish setup. The price is heading towards the 14 and 72 EMA and the lower range while the Stoch RSI shows alot of selling pressure and the Adx shows a strong bearish trend.
This leads to the conclusion that NZDCAD is heading for a further drop!
Take profit: 0.92800
Stop loss: 0.95200