NZDCADANALYSIS
NzdCad- Swing trade in sightBack in November 2022, NzdCad managed to break back above 0.83 resistance and reached a high at 0.88.
Now the pair is correcting the aggressive 1k pips rise that started last year and this could provide us with a good trading opportunity for the medium term.
Support is very well defined at 0.83 and in this zone traders should look for buying signals.
The 0.9 zone could be the target
NZDCADAfter completing the pattern of class A harmonic in the wedge range and after climbing up to the range of 0.84171 and 70.7CD from the last log of the pattern.
Now, we can expect a reduction of up to 2 important static ranges at the intersection with the pivot points at 0.84066 and 0.83910.
The range of 0.84066 is very important and actually a confirmation for the next target.
Between the C peak of the pattern 0.84345 and the current peak, we also see a negative divergence, which requires a break of the 0.84066 range to be confirmed.
The range between two specified targets also has a resistance property
NZDCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDCAD .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I look price to continue the retracement and then to reject from bearish order block to open a short position.
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NZDCADCurrently, the best strategy is to follow the fluctuations inside the channelized space.
The movements were very harmonic and accurate.
In its first move, it completed ABCD. Then, in response to the bottom of the channel and the formation of a positive divergence, growth can be expected. 2 Expected ranges can be predicted based on the pivot point in the ranges of 0.84935 and 0.85409 until reaching the static range. After that, the reaction should be checked to continue.
In general, the goal of ascending and completing a reciprocal pattern is not far from expected.
DeGRAM | NZDCAD lower lows NZDCAD is moving in the descending channel , and it has made lower lows.
The market broke and closed below the support level, which became a resistance that was respected before.
The market is heavily bearish on the higher timeframes.
If the resistance level rejects the price, then we can look for selling opportunities.
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NZDCAD- 400 PIPS SETUP NOT TO MISS!!Dear Traders, we have got good opportunity to sell NZDCAD at respected area, however, before we enter we got ensure that price comes to our area of entry, after that with stop loss above the horizontal trendline. Longer term bias is bearish in that sense, CAD is expected to bearish in longer term aim.
Let’s not miss this highly probable setup!
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NZDCAD Trading Plan - 10/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect NZDCAD to go Up after finishing this correction.
Look for your BUY setups below 0.85 level.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer : This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.