NZDCAD CHANNEL DOWN WILL CONTINUE NZDCAD currently in this descending channel. Price is at a key highlighted point where we have had previous support. Price has already tested a break of this point but we do have a down side wick to be filled and no support has been tested in this price range hence my target. We have a good RISK REWARD entry here by using the channel
NZDCAD
NZDCAD: Classic Bearish Reversal 🇳🇿🇨🇦
NZDCAD reached a key weekly structure last week.
The price formed a double top pattern on a daily and broke its neckline then this week.
Such a setup is a classic example of a bearish reversal.
I believe that the market will drop at least to 84.2
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NZDCAD - Long from support ✅Hello traders!
‼️ This is my analysis of NZDCAD .
Here we are bullish from H1 timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from support zone + institutional big figure 0.87000.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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NZD/CAD: Day Trading Analysis With Volume Profile 📊 On NZD/CAD is nice to see strong buying reaction from the price 0.86260 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Strong volume area + Strong S/R zone from the past + Uptrend is my mainly reason for this long trade....
Happy trading
Dale
NZDCAD - SHORT - SWING FORECASTWill be looking at short positions for this pair for the following reasons.
It is approaching a point of Major resistance .
It is sooo far above the Hull 250 EMA that it has to retrace (to get back to equilibrium) most likely to the previous major support level before retesting the resistance level again.
This is a long-term swing for me looking forward at least 6-8 months.
Once it reaches the major resistance zone, I would start looking for short positions.
I would need to zoom in to get a better entry point, once price approached the major resistance zone.
**This is just my trading thought process and does not constitute as financial advice.
**Trading with proper risk management
NZDCAD > Rare Cypher Pattern at Entry!!Analysis of #NZDCAD
Hi traders, today we will have a look at #NZDCAD
The NZDCAD has a beautiful rare big Cypher pattern near a structure resistance zone.
as you can see the Cypher pattern is way above its entry points, this is part of why I don't usually take harmonic patterns by just setting limit entry trade, most of the time the pattern will continue up to test the structure zone and provide me with better entry,
now I am waiting for reversal patterns, like a double top, or head and shoulder, or even a small harmonic pattern on the lower time frame
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NZDCAD Supply And Demand AnalysisNZDCAD Short Watchlist:
Higher timeframe:
-Price sitting inside HTF weekly/monthly supply.
-Trend = uptrend so any shorts will be counter trend.
-smaller risk
Lower Timeframe:
-Waiting for 4hr upward ML to be broken
-Waiting for opposing 4hr pivot point demand zones to be removed
NZDCAD:H1According to the drawn dynamic levels and considering the failures and pullbacks, we can look for a sell position
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