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NZDCADANALYSIS

NZDCAD Trading Plan - 11/Feb/2024Hello Traders, Hope you all are doing good!! I expect NZDCAD to go Down from these levels. Potential correction is almost completed. Look for your SELL setups. 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.
Short
by For3xScalper
NZDCAD - Short from resistance ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from resistance zone for a potential short. Fundamental news: Tomorrow we will see results of Unemployment Rate on NZD and on Friday on CAD. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
Are you ready to make some money from the forex market? 🤑💌Our AI screener has detected a great opportunity for you: NZDCAD is in a ranging market for the next few days! What does that mean? It means that the price is moving sideways between two levels: 0.8153 and 0.8333. That’s a range of 170 pips or more! How can you profit from this situation? 📊There are two ways: 👨‍💻If you are a manual trader, you can use oscillators like RSI, Stoch, or MACD divergence to spot the best entry points for both long and short trades. You can use lower timeframes like M15 or M5 to find these signals. 🤖If you are a bot trader, you can use a martingale or zone strategy with proper risk control and money management. Trading with a bot will save you time and effort, as you don’t have to watch the charts all the time. You just need to check the bot trading every 4 hours to see if the market pattern changes from ranging to trending. If it does, you can close the bot and take your profits! This is a simple and effective way to make money from the forex market. But act fast, this opportunity won’t last forever! 🔥 To get more trading ideas like this, follow our channel and subscribe to our newsletter. We will send you the best forex signals and tips every week. Don’t miss this chance to earn money online with us! 😊 Disclaimer: Trading forex is risky and you should only trade with money you can afford to lose. We are not responsible for any losses you may incur from following our signals. Always do your own research and analysis before placing any trades.
by ICT_Trader_SB
#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