NZDCAD 100PIPS SHORT POSITIONWe are looking for a trend continuation here, waiting for confirmation on that triangle pattern to breakout and enter a sell position around 0.8907 and hope for it drop 100pips. it's a dangerous trade because of news coming on NZD (wednesday) and CAD (friday). On the other hand NZD interest rate decision could launch price back to 0.8950 zone (i believe it wouldn't any go higher) and thats why we will choose to place a higher SL. lets see what happens !
Nzdcadsell
SELL NZDAnticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
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NZDCAD It's a Rising Wedge bro.NZDCAD Rising Wedge Pattern.
be Patient in every situation don't rush wait for the confirmation before entering.
Patience is the key to success.
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NZDCAD - WEEKLY SWING - 26. FEB. 2019WELCOME TO DACAPITAL-TRADING!
NZDCAD FOREX BREAKDOWN 26 FEBRUARY 2019
1 HOUR
Strong bullish rally last couple of days shooting right towards our short entry!
4 HOUR
Good short trend entrys with good rr and resistances!
DAILY
Strongly Waving market, simple setup!
LEVELS
SELL NZDCAD
ENTRY @ 0.90670
SL @ 0.91300 (60 Pips)
TP @ 0.89730 (90 Pips)
RR: 1.50, use normal risk!
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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