{"id":12395,"date":"2022-08-26T08:46:27","date_gmt":"2022-08-26T08:46:27","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12395"},"modified":"2023-05-12T08:48:31","modified_gmt":"2023-05-12T08:48:31","slug":"nzdcad-1d-ma50-is-the-key-sell-below-buy-above","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/08\/26\/nzdcad-1d-ma50-is-the-key-sell-below-buy-above\/","title":{"rendered":"NZDCAD 1D MA50 is the key. Sell below, buy above."},"content":{"rendered":"

 <\/p>\n

The NZDCAD pair has offered us an excellent pattern for a sell high\/ buy low plan on our previous analysis more than two months ago:<\/p>\n

\"NZDCAD<\/a><\/div>\n

As you see, we were successful on the sell exactly on the 1D MA50 (blue trend-line) rejection and the buy on the Lower Lows trend-line of both the Megaphone and Channel Down patterns.<\/p>\n

Right now there is a conflict as to where we could be in relation to the prior formations. This may be a quick accumulation below the 1D MA50 similar to July 30 2021 (green circle) or a failure below the 1D MA50 similar to April 15 2022.<\/p>\n

The 1D MA50 can give the solution to this. As long as 1D candles close below it, the action is a sell targeting first the 0.79100 Support and the 1.5 Fibonacci extension (0.7745) as part of a new Lower Low formation. A closing above the 1D MA50 though, should be taken as a bullish signal, targeting the 0.8250 Resistance and potentially the 1D MA200 (orange trend-line).<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/NZDCAD\/Xi6yx2mM-NZDCAD-1D-MA50-is-the-key-Sell-below-buy-above<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The NZDCAD pair has offered us an excellent pattern for a sell high\/ buy low plan on our previous analysis more than two months ago: As you see, we were successful on the sell exactly on the 1D MA50 (blue trend-line) rejection and the buy on the Lower Lows trend-line of both the Megaphone<\/p>\n","protected":false},"author":611,"featured_media":12396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12395"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12395\/revisions"}],"predecessor-version":[{"id":12398,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12395\/revisions\/12398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12396"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}