NZDCAD Long: Another solid setup on Daily
NZDCAD was a trade I took long about 8 hours ago.
In the old days, when I would break every trading rule and chase the market, I would've done that this morning, but then I realised price is going to pull back for my entry after I analyse it's chart for at least 10 minutes.
It has recently pulled back to about a 50% Fib retracement,
NZDCADANALYSIS
NZDCAD is in the Bearish direction From Solid ResistanceHello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDCAD Pattern FormationThis currency has been forming a rising flag pattern (according to 1D timeframe) and the trend wants to complete the pattern by touching the lower trendline at 0.817.
According to the lower timeframes, there is the formation of a falling wedge, and this will help us come up with an entry position. We will wait for the price to break out of the formation and retest the zone so that we can enter our trade.
#NZDCAD 1DAYThe **NZDCAD** currency pair on the 1-day chart is showing an **uptrend breakdown**, signaling a potential reversal from its previous bullish momentum. After a prolonged upward movement, the price has failed to maintain its higher highs and higher lows structure, indicating weakening bullish strength.
The pair has likely breached a key support level or trendline, confirming the **breakdown** of the uptrend. This breakdown suggests that sellers are gaining control, and further downward pressure may follow. Traders may anticipate a shift towards bearish momentum and a **sell** opportunity, targeting lower price levels.
Key points to consider:
- The breakdown of the uptrend is confirmed by the breach of support.
- Momentum indicators may show bearish divergence or a shift in direction.
- Conservative traders might wait for a retest of the broken support before entering a sell trade.
The overall forecast points towards further declines in the short to medium term.
NZD/CAD "Kiwi-Loonie" Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 30 min timeframe
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Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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NZDCAD - Long from bullish order block !! Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is price to fill the imbalance lower and then to reject from bullish OB.
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NZDCAD is in the Bearish direction From Solid ResistanceHello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDCAD Bank Money Heist Plan on Bullish DirectionHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist NZD/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan.....
NZDCAD SELL TF H4 TP = 0.8217On the H4 chart the trend started on Sept. 2 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.8217
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Shifted bearishFrom the bullish market price mitigated the 4h order block at 0.84736 and reduced to provide us with displacement. The shift engineered a flip to supply zone for a bearish distribution. With the two break of structures in hand, this data tells us that we have a strong bearish market. Looking for a hike to sweep the liquidity and mitigate the rejection block for a clean bearish entry at 0.83955, with stop loss at 0.84355 and our target at 0.82155…
NZDCAD is in the Bearish direction From Solid ResistanceHello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
7 Dimension 4RR Sell Setup for NZDCAD Core Analysis Method: Smart Money Concepts
Based on the Smart Money Concepts methodology, the following analysis has been conducted:
😇 7 Dimension Analysis
Time Frame: H4
Swing Structure:
Bearish swing structure with a Break of Structure (BOS) after taking inducement.
Corrective swing move has nearly mitigated everything with 3 pullbacks, forming a corrective internal bullish structure.
At the Point of Interest (POI), we see three key elements: Extreme Order Block (OB), Fair Value Gap (FVG), and Liquidity (LIQ) resting above the double top at the Premier zone of the swing.
All of these factors align to create a strong area for sellers.
Entry Model: Regular SMC
Resistance: Demand zone is prominent.
Pattern:
🟢 Chart Patterns:
Reversal: A double top pattern has been identified.
🟢 Candle Patterns:
Long wicks have appeared multiple times at the top, indicating rejection.
Momentum candles have also formed in the same area of interest, showing significant market activity.
A classic tower top candlestick pattern with valid parameters has been observed.
Volume:
🟢 Substantial volume has been observed in this area after a long time.
Despite the volume, it has been unable to cross the point of interest, indicating profit booking and a show of strength from sellers.
Momentum RSI:
🟢 After a strong bullish momentum, the RSI reversed from the overbought level and shifted into a range inside the sideways to bearish zone.
A divergence between the last two highs is supported by loud moves, signaling that sellers are still in control.
Volatility Bollinger Bands:
🟢 Transition from contraction to expansion has occurred with a proper squeeze breakout.
Walking on the band suggests that the bullish volatile move is nearing its end.
Price is forming an "M" pattern in Bollinger Band terms, which is a strong bearish signal.
Strength ADX: Sideways yet, indicating neutral strength in the market.
Rating: ⭐⭐⭐⭐⭐
All dimensions are in favor of a bearish move.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ POI: Marked
💡 Decision: Sell limit
🚀 Entry: 0.8287
✋ Stop loss: 0.8333
🎯 Take profit: 0.8110
😊 Risk to reward Ratio: 4
🕛 Expected Duration: 15 Days
SUMMARY:
The analysis suggests a strong bearish setup with all dimensions aligning in favor of sellers. A sell limit order is recommended at 0.8287 with a stop loss at 0.8333 and a take profit at 0.8110. The trade offers a favorable risk to reward ratio of 4, and the expected duration is 15 days.
NZDCAD Pattern FormationThis currency has been forming a bearish flag for past few months and on its way to complete the pattern at 0.880
For the past few days, it has been forming a rising flag, which IMO is a strong indicator of the bearish momentum, but has not broken the pattern yet.
I do anticipate that in the short term, it might touch the 0.85 zone and the long term, 0.88. A shorter timeframe analysis will follow.
NZDCAD bearish continuation likely … the week of 05 Aug, 2024First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis.
This pair has been mostly bearish since mid-June with a pullback during the last few days. In my opinion this pullback will soon end and if I see evidence of that I’ll be taking a short trade.
Note that the 38.2% retracement level and the 200 dma are already trying to contain the current up move. The bulls can still push through to the 50% or even the 61.80% levels, so I am going to be watching the PA closely. A momentum move above the 61.80% area will negate my analysis. Let’s see how this plays out.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
NZDCAD - Short active !! Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price rejected from trendline + liquidity zone. As well, on H1 we have regular divergence and for conservative entry you can wait break of structure.
Fundamental news: Upcoming week on Wednesday (GMT+3) we have results of Unemployment Rate on NZD, news with high impact on currency.
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We have displacementWe have a daily breaker block as our higher timeframe base and and a broken structure before price hiked to clear the swing high at 0.81600. The gathered data indicates a strong bullish market because price filled the fair value gap imbalance, mitigated the order block and we have a clear displacement due to the body close that spiked 0.81700. From here we ought to expect a flip to the unmitigated fresh demand zone for bullish positions. Going aggressive on this one is optional, looking to execute at 0.81420, stop loss of 15 pips just below the demand zone for price to breathe and we are targeting the supply zone at 0.82020 which adds up to a 60 pip target…
NZD/ CAD !! 7/26 trendline Uptrend✍️ NOVA hello everyone, Let's comment on NZD/CAD price long-term trend
🔥 Identify:
D1 - long-term time frame shows that the price is following the Uptrend line - touching the trendline. wave 5
🔥 Technically:
Based on the resistance and support areas of the NZD/CAD price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: 0.82500 - 0.84000 - 0.85500
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest