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Nzdcadbuy

NZD/CAD POTENTIAL BUY SET UPBUY SET UP NZD/CAD. I BELIEVE WE COULD BE LOOKING AT A NICE SWING TRADE: -FIRST OF ALL WE HAVE BEEN BEARISH FOR 5 MONTHS. SO WE NEED TO MAKE A CORRECTION. -SECOND IF WE START ON OUR MONTHLY CHART WE CAN SEE A TREND, AND WHERE PRICE IS SITTING NOW WOULD BE THE THIRD TOUCH WICH IS ALWAYS OUR BIGGER MOVE. - THIRD WE HAVE ALSO A INVERSE HEAD AND SHOULDERS CREATING ON THE MONTHLY. IN MY OPINION WE COULD FIRST GO A LITTLE LOWER CREATING A FAKE OUT FOR AROUND 40-50 PIPS. WE HAVE ALSO NEWS COMING FOR CAD THAT SOULD BE BEARISH FOR CANADIAN PAIRS, WICH COULD HELP THIS PAIR PUSH UP. I MADE TWO SETUPS FOR THOSE WHO LIKE TO HOLD THE TRADES, THE FIRST TAKE PROFIT AREA IS OUR BLUE ZONE. SO LETS SEE WHAT HAPPENS. ALWAYS USE GOOD RISKMANAGEMENT!
Long
by Yeison7
1
NZDCAD, GIVE THE BULLS SOME SPACE!Hello Traders, After that massive impulse in the 27th of March we have been looking for the perfect opportunity for a long position, however, our support levels didn't match, until now. What we are looking for here is an H4 rejection in one of our support levels. Give this trade some room because it can take a little bit to reverse, we can still see a move to our major support level, you can look for reversals in 1H and 15M in order to get a better entry, but remember, the lower the timeframe, the riskier it is! Best of Lucks, GlobalYouthTrading For more updates and tutorials about forex trading follow our free telegram group: t.me
Long
by Wevesting
COULD NZDCAD OFFER SIGNIFICANT LONG TERM UPSIDE MOVE?Hi Traders, The 4-hour chart of NZDCAD shows a bullish move from October 2018 as a classic five-wave impulse in wave (A) "black." According to the Elliott Wave theory, a three-wave correction in the opposite direction follows every impulse pattern. And indeed, the rest of the chart reveals an A-B-C zigzag correction in wave (B) that rejected the 38.2 Fib ratio and support level so far. . If this count is correct, there is a complete 5-3 cycle to the upside, and this means another five-wave bullish impulse can be expected in wave (C) from now on. . Given that the bulls already made the first impulse in wave 1 of (C), and we have a three-wave a-b-c regular flat pattern in wave 2 of (C) that reversed from 78.6 Fib ratio, a bullish continuation is expected in 3 of (C) whose potential target lies between 1.618 - 2.618 as planned on the chart. . The Friday's bullish engulfing candle on the Daily chart further confirm the completion of wave 2 correction and could be used as a signal to enter the bullish setup. Safe Trading! Veejahbee.
Long
by Veejahbee