Nzdcadlong
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.
NZD/CAD struggles at 200-DMA, long break aboveNZD/CAD is extending choppy trade below stiff resistance at 200-DMA at 0.9022.
Technical indicators are biased higher. Momentum studies are bullish. Trend indicators support upside.
Breakout at 200-DMA raises scope for test of 50-DMA at 0.9112 ahead of 61.8% Fib at 0.9238.
On the flipside, the pair is holding above 21-EMA which is strong support at 0.8969. We see weakness only on break below.
Support levels - 0.8981 (5-DMA), 0.8969 (21-EMA), 0.89, 0.8880 (Jan 5 lows)
Resistance levels - 0.9022 (200-DMA), 0.9065 (38.2% Fib), 0.91, 0.9112 (50-DMA
Good to go long on decisive break above 200-DMA, target 0.9065/ 0.91/ 0.9120
NZDCAD ShortHello traders today we are looking at #NZDCAD, we have broken trend line #1 because of that we will only look for #Short positions.
Price has been falling for 6 weeks straight now, we will look for a retrace before entering short. A good retest of the Black EMA (100) would be something ideal before we enter. Please be patient on looking for a reversal candlestick or a flag pattern before entering. i will update on all of the trades posted.
If you have any questions please contact us via Private Message or via comment.
-Professor
NZDCAD Bullish 15M Gartley forming
D1
NZDCAD D1 is forming a head and shoulder with 200EMA acting as support.
Can we find some pips in the weak right shoulder?
Drop to 15M
Uptrend is still imminent and a Gartley is forming.
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Gift:
BTC 1.78% 14Ee3cGJLBdBN7PWRBwu3d41S3NVbqERRq
ETH 0x8844032d9b0791fdfa6633e3768cfe1d6a767c88
LTC LQmkqNvv3JVfFpHQ32Wp6mdiBPpLLgmmmf
NZD/CAD long setupNZD/CAD has shown a decisive break above 200-DMA at 0.9111, bias bullish.
The pair is trading in a rising channel and we see scope for test of channel top at 0.9290.
Technical indicators support higher, momentum studies are bullish and we see +ve DMI dominance.
Breakout at channel top can propel the pair higher. Scope then for test of 61.8% Fib at 0.9331 ahead of 0.9416 (July 27 high).
Immediate support lies at 5-DMA at 0.9142, break below could see re-test of 200-DMA.
Breach at 200-DMA support at 0.9111 invalidates bullish bias.
Support levels - 0.9142 (5-DMA), 0.9111 (200-DMA), 0.9097 (20-DMA)
Resistance levels - 0.9295 (channel top), 0.9331 (61.8% Fib), 0.9416 (July 27 high)
Good to go long on dips around 0.9180/90, SL: 0.91, TP: 0.9295/ 0.9330/ 0.94.
NZD/CAD Daily Update (14/2/18)Price breaks above resistance.
Previous resistance turn into support
bullish sentiments.
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NZDCAD DailyThis Idea is valid until tomorrow.If the price today will go up the candle of yesterday , the Idea is not valid.The trend is long and now is building the second wave. If I look Fibo 61.8%.... If I look the MA 50 periods..... if I look the trend line 1 ..... everything tell me that : buy = 0.89800 with S.L. = 0.89150 and T.P. = 0.92800 . Will be ? We hope. And if you like my job .... give me some LIKE. You dont be shy. By Ulisse010 from Thailand with love
NZDCAD: Risky At These LevelsQuick setup could arise if NZDCAD heads down to one of those trendlines for a 3rd bounce and/or a final wave up. I see little opportunity to the upside if entering long in this area. However, I will not open a short in anticipation of a dip lower for liquidity as these moves sometimes randomly break up and continue making new highs. If price heads lower and stalls around one of those areas of interest, a long position can be opened w/ a relatively tight stop.