CAD Pairs Market Analysis and Trade Setups - Page 6

@nsg_usd - 6 hours ago

Closed my nzdcad buys, I am waiting for a weekly bullish close to see if I can continue

NZDCAD respected the bearish channel and continues with the sell.
I'll like to see it break below 0.7980. That will give sell continuation entries with 0.8064 as invalidation level which is above today's high.

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@asuquokelvin - 6 hours ago

Quoted - nsg_usd

NZDCAD respected the bearish channel and continues with the sell.
I'll like to see it break below 0.7980. That will give sell continuation entries with 0.8064 as invalidation level which is above today's high.

I suspected that the sells will resume so I closed it today

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@nsg_usd - 1 hour ago

Quoted - asuquokelvin

I suspected that the sells will resume so I closed it today

Oh, that's good.
NZDCAD- Price respected the support level and didn't break below it today. This confirms that price is in a range. It's best to trade within the range until there's a major breakout on either side although the bearish channel shows price might still be favoring sells more than buys.

For a sell setup, Entry: 0.8025, SL: 0.8038, TP: 0.7988.

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@nsg_usd - 29 minutes ago

Quoted - asuquokelvin

Deleted the audcad sells, because price from the 12hrs timeframe has not broken that support and it's trying to reverse upwards, except the support is broken I should be looking forward to buys on audcad

AUDCAD- price didn't get to my sell entry, but it sold.
I had my Entry zone at: 0.9989
SL: 1.0012.

Where were you selling from?

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