NZDCAD Will Move Lower! Short!
Hello,Friends!
In this market situation, I am looking at multiple indicators
And I can see bearish momentum accumulating on the pair right now
This sentiment makes me bearish biased and I am considering a short!
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NZDCAD
NZDCAD || GOING LONG || W7LONG-TERM BULLISH TRADE
Time Frame : 4H
1. DOW Theory >>> UPTREND
2. UPWARD TRENDLINE
3. AB=CD
4. HL @ 0.236 of fab retracement
TRADE PLAN >>>
Placing Buy Stop Order above the S&R Level
SL will be just below last HL
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck 💪
Always Remember!
All strategies are GOOD if managed Properly
Trend is your FRIEND
Too much analysis leads to paralysis
NZDCAD Targeting A Test of .8400Technical & Trade View
NZDCAD
Trade View
Bias: Bullish Above Bearish below .8190
Technicals
Primary support is .8190
Primary upside objective .8400 Weekly Trendline
Next pattern confirmation, acceptance above .8285
Failure below .8180 opens a test of .8100
20 Day VWAP bullish, 5 Day VWAP bullish
Institutional Insights
Analysts at Credit Agricole note ‘The RBNZ’s aggressive tightening cycle will see NZ lead the rest of the G10 into an economic slowdown, and falling dairy prices on the back of a weak China economy are seeing the NZD underperform. The re-opening of the international border will be a positive for the coming 3M. Soft economic landings locally and internationally will improve the NZD’s prospects over the coming 6-12M’
AUDNZD I Here's what to expect next week!
Welcome back! Let me know your thoughts in the comments!
**AUDNZD - Listen to video!
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NZDCAD - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
NZDCAD is overall bearish from a long-term perspective trading inside the brown falling broadening wedge pattern, and it is currently retesting the upper brown trendline.
Moreover, the zone 0.827 - 0.835 is a strong resistance zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper brown trendline. (acting as non-horizontal resistance)
As per my trading style:
Since NZDCAD is approaching the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NZDCAD Reverse Cup and Handle - Cautiously bullishReverse Cup and Handle which is a rare and premature formation has formed on daily.
7 >21 Price >200MA
Bullish
CONCERNS:
As we don't fully have a breakout yet, the price could retest a low forming an Inverse Head and Shoulders. But we'll have to wait for tomorrow.
Target 0.8719