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.
https://thefxchannel.com
i think its time now for both nzdcad and nzdusd to come down they couldnt go far anyway yesterday ..
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Nice chart, good analysis. Are you active in trade or waiting for close of the current bearish candle?
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@AEFX786, no i haven't took a trade yet. I am monitoring the lower time frames for a bearish setup
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I'm in profit .Thank you Sir But what about TakeProfit?
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if break the tradeline @4h possible short in the market. thanks
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Thank you.
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good one , its breaking to downside for today at least ..
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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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