NZDCAD – We are waiting for another Sell

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NZDCAD – We are waiting for another Sell

Trend: Strong Sell

Support/Resistance:
R3: 0.85714
R2: 0.85471
R1: 0.85066
S1: 0.84416
S2: 0.83445

Price action:
At the moment NZDCAD is moving very nicely in trending way. We can see this trade as more clear then NZDUSD in comparison. From overal point view we know that NZD is very weak pair but flow here is good for trading set up.
Our expectation on this pair is to hold below first resistance level at 0.85066. Retracement is expected on 4H timeframe. So the price may be moving forward to buyers first support level at 0.84416. If sellers can break that support level, then our overall target for now is at 0.83445 support level.
On the other side buyers still can bounce back for some time to resistance level at 0.85471. From that point we'll still look this trade as a good Sell idea, but FOLLOW NEXT DAILY IDEAS and listen CEO's LUKA EXPLANATION ON OUR ELITE INDICATOR FOR EXACT TRADING SET UP! (Recommended)

Potencial trade idea:

Bears targets:
T1: 0.84416
T2: 0.83445

NOTE – We are trading NZDCAD via the preferred trading setups


Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

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