Nzdcadshort
NZDCAD SHORTS FROM WEEKLY RESISTANCE**BIAS - SHORT:
NZDCAD has been bullish for quite some time but has now reached resistance on the weekly time frame. A Clear daily ascending channel 3rd touch confirmation is also evident, with lower time frames like the 4hr and 1hr showing signs of reversal patterns. SHORTS can into 0.9000 are very favourable.
NZDCAD – Big SELL opportunity in front of out eyes2020 finally prove to be the time for NZD bull,.. I have been forecasting for a trend change to bearish for several weeks now, but rarely get a proper entry trigger and the price just continue to slowly trickle to the upside especially in this last 2 month that is quite choppy in my view. Will 2021 finally start to favor the bear?? This is a hard question to answer, however one thing that I know is from the technical standpoint it says so,.. and it will be a MASSIVE one.
NZDCAD price is now really at the top (high value area) of High TF ascending corrective structure. We close last week with a clear momentum to the downside. I see no other option to make use of this upcoming bearish trend beside from take the short entry as early as possible as it shows any sign of reversal.
I’m now waiting for just one more trigger for the price to confirm the move to the downside and trigger my short entry. I’m expecting the price to form a small bearish continuation structure (H1 or M15 depending on structure). I will take a short entry as the price break the bearish continuation structure.
Lets see how will this pair develop. Good Luck
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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Fakeout Play On NZDCAD at 0.911
Standard fakeout trade opportunity.
Price briefly crosses above the 0.9110 level and fails to hold above.
After seeing price fail to close higher for one 4-hour session, good timing to optimize entry.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
NZDCAD – Bearish continuation pattern to confirm the bearish marAs per my analysis before,.. If you follow my analysis from the beginning, maybe you know I’m a long term bear on all this NZD pairs... So Far, this still looking good. NZDCAD has make its 1st impulsive move to the downside lat week. After that,.. I see a decrease in the momentum and i exitmy position at the bottom. After that this pairs continue to move sideways in range.
Now, I’m starting to see the bigger continuation pattern that this pair form,.. The best part is,.. this structure is almost complete and I’m expecting we’re seeing the continuation of the previous bearish move soon. I’m expecting this move to be bigger than before and will be a massive one.
As for the entry trigger,.. we will access in on the way but of course, the higher probability trade is to enter after the break of any continuation pattern..
Lets see how will this pair develop,.. Good Luck
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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