Get started

Nzdcadshort

NZDCAD - looking for a short .. the week of 31 Oct 2022This pair has been bearish since March, but more recently the bulls have been trying to gain control. The area around 0.7930 has resisted their moves for the past 2 days and IMO evidence of a bearish move in that zone would provide a nice trade opportunity. This may take a while to set up, so I will not be in a hurry, instead will watch price action on lower time frames such as H8, H12 for signs that bears are resuming control. If this works out as per my expectation, we may have a 3-4R trade. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
1
NZDCAD H1 GARTLEY PATTERNHi traders, NZDCAD is setting up for a downside move i am expecting from price to come around our mentioned area and looking price action on our mentioned area for a downside move. The area that i mentioned in chart is a very intresting level because it is a 78 fib retracement level and also a gartley pattern completion level and the upper trendline third touch. I am waiting for price to come around our mentioned area and looking for a short position opportunity remember price can also drop from the current area in this case our setup will be invalidate GOOD LUCK.
Short
by TheLoserMan
NZDCAD SELLHello dear traders. Here my idea to NZDCAD . we will expect short term bearish continuation to 0.7980 level. Technical Outlook : NZDCAD price breakout from the rising channel and rejected from the 0.5 Fibonacci level. Fundamental Outlook : Oil prices rises on potential OPEC cuts and Iran nuclear deal uncertainty. CAD will strengthen as oil demand. Commodity based NZD will decline as risk at rate hikes will lead to the weaken the global economy. Traders, if you liked this idea or have your opinion on it, write in the comments. Please like and subscribe to my profile. Good luck to you. This idea does not provide the financial advice.
Short
by Smart_TraderSL
1