FX:NZDCAD   New Zealand Dollar/Canadian Dollar
NZDCAD just like EURCAD is at interesting potential resistance area . The price is trading near the top of outlined 6+ months sideways range, stochastic is overbought. In my oscillators tutorial, we discussed how oscillators signals are more reliable in sideways market.
I am waiting for a final short term confirmation to short this.
If i don't get confirmation and it breaks to the upside, my bias will change to long.
評論: No trade on this pair. Waiting for confirmation saved me from taking a losing trade. Now, IF PRICE HOLD bove resistance will be looking for a long signals.
i think its time now for both nzdcad and nzdusd to come down they couldnt go far anyway yesterday ..
Nice chart, good analysis. Are you active in trade or waiting for close of the current bearish candle?
@AEFX786, no i haven't took a trade yet. I am monitoring the lower time frames for a bearish setup
I'm in profit .Thank you Sir But what about TakeProfit?
if break the tradeline @4h possible short in the market. thanks
Thank you.
good one , its breaking to downside for today at least ..
It is true, but the main trend of all D, W, and M are both strongly rising, we wait for the correction and bottoming (bullish pressure), according to Daily. And BUY the same trend.
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