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NZDCADANALYSIS

#NZDCAD: 500+ bullish buying opportunity! Swing TradingDear Traders, We have a great opportunity on NZDCAD , please wait for price to come and bounce at our area of entry. Price already have breakthrough the bearish strong trendline meaning price have changed the character for the first time since months. Now price that has not yet re-confirmed that price can continue the bullish trend and we can have a swing trade taken. Please wait for price to do its thing, do not rush. Patience pays!
Long
by Setupsfx_
5
7 Dimension Trade Idea for NZDCAD😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Breakout of Structure (BoS); Current market is in a sideways mood 🟢 Swing Move: Impulsive to sideways 🟢 Inducement: Done 🟢 Decisional OB: Mitigated, but discount area liquidity is unmitigated yet 🟢 Support: Holds the price for the 4th time, indicating strong demand 🟢 Trendline: Buildup, prebreak, and a potential spike for tapping extreme areas 🟢 Time Frame Confluence: H4, Daily, and Weekly 2️⃣ Pattern 🟢 CHART PATTERNS: Reversal, Rounding Patterns, Cup and Handle at both daily and H4 with strengthening buildup. Consolidation Rectangle makes this area interesting and demanding. 🟢 CANDLE PATTERNS: In this highly consolidated zone, no candlestick pattern is effective. Watch and wait until breakout, then analyze candle behavior at breakout levels. 🟢 Volume: High volume throughout consolidation indicates bull dominance. Watch for volume on breakout or fakeouts for a final decision. 4️⃣ Momentum RSI 🟢 Momentum: Totally sideways 5️⃣ Volatility Bollinger Bands 🟢 Volatility: Highly contracted 6️⃣ Strength According to ROC 🟢 Values: NZD is stronger than CAD 💡 Decision: Wait till breakout or fakeout, but in both scenarios, consider buy positions 🚀 Entry: Breakout at 0.8418 / Fakeout at 8292 ✋ Stop Loss: Breakout at 0.8383 / Fakeout at 8275 🎯 Take Profit: 0.8978 2nd Exit if Internal Structure changes; also Exit on 3rd trendline breakout, FOMO 😊 Risk to Reward Ratio: 20 🕛 Expected Duration: 50 days 📚 SUMMARY: The analysis points to a bullish trend with a strong consolidation zone. Breakout or fakeout opportunities are highlighted, emphasizing a buy strategy. The risk-to-reward ratio is favorable, and a patient approach is recommended until decisive market movements occur.
Long
by Optimum369
7 Dimension Analysis for NZDCAD 🕛 TOPDOWN Analysis - Navigating a Complex Market Structure Overview: Monthly observations reveal a cautious market, with a bearish internal structure emerging after a previous corrective move. Weekly charts, however, present a conflicting scenario, showcasing a lower high and hints of bullish momentum. The confusion intensifies as prices linger around a crucial resistance area. A sell-focused strategy is recommended due to the proximity to significant resistance. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: BoS (Breakout of Structure) 🟢 Swing Move: Corrective move completed at a premium area, marked by an IFC candle. 🟢 Inducement: Awaiting confirmation at a potential high. 🟢 Pull Back: Anticipating a retracement to the inducement level. 🟢 Internal Structure: Bears waiting; marked by supply, distribution, and rejection at a crucial level. 🟢 Supply/Distribution/Premium Areas: Intense interaction with a strong rejection at the resistance area. Trendline importance emphasized; waiting for a break and a close below. Traps: Evident, as prices attempt to surpass the area but struggle to sustain. 2️⃣ Pattern 🟢 CHART PATTERNS Reversal Potential double top patterns; not classic but significance lies in key candle patterns and price movements. Shakeout reversal observed. 🟢 CANDLE PATTERNS Notable Observations: Bullish candles appearing but failing, marked by a pin bar reversal. Long wick candles, inverter hammer, and a gravestone doji present. 3️⃣ Volume: Significant volumes observed at the end of the corrective move. Low volumes during the rejection at the supply area; unclear picture. 4️⃣ Momentum RSI: 🟢 RSI in Super Bullish Zone: Signifies heavy momentum. 🟢 RSI Range Shift: Successful shift from sideways to bullish, indicating robust momentum. 🟢 Divergence: No clear divergence yet; momentum favoring bulls. 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band Support: Price above the middle line. 🟢 No Squeeze or Consolidation: Indicates ongoing momentum. 🟢 Dual Band Derivation 1: Favorable for bulls. 6️⃣ Strength Rate of Change: NZD stronger than CAD. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Trendline ☑️ Candles Behavior: Favorable ☑️ Triangle Breakout: Awaiting confirmation. ☑️ Final Comments: Buy at the breakout, based on momentum and volatility. 💡 Decision: Initially a buy entry based on the current corrective move; if it fails, consider a reversal entry. 🚀 Entry: 0.8309 ✋ Stop Loss: 0.8266 🎯 Take Profit: 0.8427, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO. 😊 Risk to Reward Ratio: 1:2 🕛 Expected Duration: 3 days SUMMARY: The analysis navigates a complex market structure with conflicting signals on the monthly and weekly charts. The suggested approach is cautious, leaning toward a sell strategy due to the proximity to significant resistance. The daily analysis provides detailed insights into patterns, candle formations, and volumes. The buy entry is considered with specific conditions and exit strategies. This is a corrective move or contra trend entry
Long
by Optimum369
2
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 am looking for longs. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block. Fundamental news: On Wednesday will be released Cash Rate on NZD. As well on Thursday will be released monthly GDP on CAD and on Friday Unemployment Rate on CAD. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD