Nzdcadforecast
POSSIBLE IMPULSE MOVE FOR NZDCAD?At the beginning of this week, we saw strong bullish impulse moves to the upside, and price broke a daily level of resistance.
Now, price is coming back to retest this level as support. Focus your eyes on the wick rejections at the level.
These 4hr candles are in a way rejecting the daily level. We will wait for a strong bullish close to put us in for buys. A nice 100 pips move on the way. Trade Safe.
NZDCAD Can Go up After the Retracement
Welcome back Traders, Investors, and Community!
Hi Traders, NZDCAD on H1 might have a retracement at 0.8727 which is the Support line before it continues its uptrend. If the price reaches at 0.8727 with a reliable candlestick pattern we can go long for short term TPs.
⬆️Buy now or Buy at 0.8727
⭕️SL @ 0.8714
✅TP1 @ 0.8775
✅TP2 @ 0.8797
✅TP3 @ 0.8837
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💡Don't miss the great buy opportunity in NZDCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.8727).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 0.8775
TP2= @ 0.8797
TP3= @ 0.8837
TP4= @ 0.8871
TP5= @ 0.8929
SL= Break below S2
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