Nzdcadsell
NZDCAD Potential Short Opportunity NZDCAD is looking very bearish. The overall trend of this pair is in a bearish. The market has recently hit the descending resistance and has struggled to continue bearish and is ranging. The market has hit the resistance of the 0.91000 psychological level. This level has seen the price test it and fall sharply bearish numerous times in the past. The most recent retest could be seen as a double top formation also. Anyway, due to the tall upper wicks forming at the 0.91000 resistance and the MA and EMA have just crossed over putting the EMA on the bottom.
The confluence for this to be bearish are the taller upper wicks, the price stall and seeming to reject 0.91000 psychological level, the MA and EMA cross over, the Doji looking candle which looks like an evening star formation all to name a few. I am bearish on this trade down to 0.90200 as the first target and the next target after that down to 0.89500 depending on price action at 0.90200.
A downward trend here to stay! #NZDCADWe have been following this coin for several weeks now and it is still moving as we expected, The trend here is a significant downward trend with a large drop potential! the price is stopped exactly to the resistance of this bearish channel 0.9150 and directly triggers a decrease of 270 pips, for now, our recommendation remains bearish
Sell GBPNZD:
Entry Price: 0.8940-0.8960
Stop Loss:0.9050
Take Profit:0.8780
NEW TRADINGSTYLE - NZDCAD - SWING - 23. JAN. 2019WELCOME TO DACAPITAL-TRADING!
NZDCAD FOREX BREAKDOWN 23 JANUARY 2018
1 HOUR
Market exploded bullish into actual resistance area, good short entrys!
4 HOUR
Skyrocket without bearish pressure, expecting a turn now..
DAILY
Bearish-Sideways market structure with pullbacks, following this trend!
LEVELS
SELL NZDCAD
ENTRY @ 0.90620
SL @ 0.90900 (30 Pips)
TP @ 0.89570 (100 Pips)
RR: 3.75, normal swing trade!
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NZDCAD Technical Analysis D1+ SignalAs you can see in the graph above after each increase the price fell by an average of 1000 pips, At the moment we are about a drop of only 300 pips that means we have about 700 pips of price fall
Our signal: NZDCAD
Entry Price: 0.8932
Stop loss: 0.9150
Take Profit: 0.8300