๐ฃ Attention Traders! ๐๐
๐น NZDCAD, Short, Swing Trade ๐น
๐ Here are the key points for a potential trading opportunity in NZDCAD:
1๏ธโฃ The Daily Chart indicates a downtrend as the EMA 108 is below the SMA 169.
2๏ธโฃ Our AI screener indicates that CAD strength has transitioned from the weak side to the strong side since October 19, 2023.
3๏ธโฃ On the NZDCAD 8-hour chart, a Lower High has formed between the EMA 108 and SMA 169, filling the FVG (Fair Value Gap) that formed on October 23, 2023.
4๏ธโฃ Last Friday, November 10, 2023, a BOS (Break of Structure) occurred after the AUDCAD also experienced a BOS.
5๏ธโฃ This setup suggests a Short Swing trade strategy, targeting levels below: 0.8127, 0.8078, 0.80298, and 0.7981. There is still a possibility of reaching the FVG at 0.8012, given the overall downtrend on the Daily Chart.
6๏ธโฃ Set a Stop Loss at 0.8176 to manage risk effectively.
7๏ธโฃ The short entry zone is between 0.8130 and 0.8164.
8๏ธโฃ Consider entering the short trade on an Hourly Chart retracement above 0.8078.
9๏ธโฃ Aim for a minimum profit target of capturing 40 pips.
Keep a close eye on these levels and trends in NZDCAD for potential trading opportunities. Remember to manage your risk and trade responsibly!
โ Stay tuned for more updates and analysis. Happy trading! ๐๐ฐ
๐น NZDCAD, Short, Swing Trade ๐น
๐ Here are the key points for a potential trading opportunity in NZDCAD:
1๏ธโฃ The Daily Chart indicates a downtrend as the EMA 108 is below the SMA 169.
2๏ธโฃ Our AI screener indicates that CAD strength has transitioned from the weak side to the strong side since October 19, 2023.
3๏ธโฃ On the NZDCAD 8-hour chart, a Lower High has formed between the EMA 108 and SMA 169, filling the FVG (Fair Value Gap) that formed on October 23, 2023.
4๏ธโฃ Last Friday, November 10, 2023, a BOS (Break of Structure) occurred after the AUDCAD also experienced a BOS.
5๏ธโฃ This setup suggests a Short Swing trade strategy, targeting levels below: 0.8127, 0.8078, 0.80298, and 0.7981. There is still a possibility of reaching the FVG at 0.8012, given the overall downtrend on the Daily Chart.
6๏ธโฃ Set a Stop Loss at 0.8176 to manage risk effectively.
7๏ธโฃ The short entry zone is between 0.8130 and 0.8164.
8๏ธโฃ Consider entering the short trade on an Hourly Chart retracement above 0.8078.
9๏ธโฃ Aim for a minimum profit target of capturing 40 pips.
Keep a close eye on these levels and trends in NZDCAD for potential trading opportunities. Remember to manage your risk and trade responsibly!
โ Stay tuned for more updates and analysis. Happy trading! ๐๐ฐ
๐ฅmy free signals and AI trading indicators channel telegram
t.me/strengthboosters
~2 analyses per day. With ICT setup for intraday trading
more than 100 pip per week โโ Accuracy +80%
t.me/strengthboosters
~2 analyses per day. With ICT setup for intraday trading
more than 100 pip per week โโ Accuracy +80%