NZDCADANALYSIS
DeGRAM | NZDCAD pullback tradeNZDCAD 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 in a bearish trend on D chart.
We anticipate a trend continuation opportunity.
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NZDCAD - Looking for a short ✅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 make a retracement to fill the imbalance higher and then to reject from bearish order block.
Fundamental analysis: Tomorrow will be released monthly CPI on CAD, but on Wednesday will be released Cash Rate on NZD. Pay attention to results in order to validate the analysis.
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NZDCAD HIGHER CONTEXT IDEASPrice made a huge move below.
If you looking on the leftside base on daily, there are still buyers and sellers.
after that rise of price. price retest its below, so im expecting that fall is just a break of its structure to navigate the actual buy zone at this current level of price.
Im expecting more than this idea, so the stoploss is a lot below. you can wait it or anticipate it base on your margin. Swing upto 0.83500 zone.
This is not a financial advice.
Follow for more swing ideas and for longer trades.
NZDCAD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: As I said in my previous analysis price filled the imbalance and continued bearish price action, I added new short position as we can see that price made a retracement and then mitigated bearish order block.
Fundamental analysis: This week on Wednesday will be released Unemployment Rate on NZD and on Friday on CAD and if the result is positive for CAD it will support our analysis.
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DeGRAM | NZDCAD bullish opportunity from confluenceNZDCAD is trading in the ascending channel.
Price action pulled back following the retest of the resistance level.
The market printed the pinbar at the confluence zone: support, fibo level, and dynamic support.
We expect a bullish move and a retest of the resistance level.
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Trading Journal #5: NZDCAD Reversal BuyI see a potential buy opportunity back up the weekly high and maybe further. Since price has reversed to the upside on the 4 hour timeframe, this could be a great opportunity to set my pending order.
If price doesn't trigger me into the trade I will enter a manual buy position on the Daily TF.
Thank you for watching my Trading Journal.
Be blessed.
Shaquan
NZDCAD - Wait to add short position ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: As I said in my previous analysis, price started bearish move, now I will wait to add more short position, so my point of interest is if price makes a retracement to fill the imbalance higher and then rejects from institutional mid figure 0.82500.
Fundamental analysis: This week on Friday will be released monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis.
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Forex Journal #4: NZDCAD Pullback To SellIn my journal, I'm noticing NZDCAD made a new lower low on the 4 hour and 2 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade.
I prefer to trade down to my weekly estimation zone 0.85585 and entering on the 2 hour timeframe to keep the stop loss small.
Trade at your own risk and risk level.
I'd love if you can reply your thoughts and like the video for more
Forex Journal #2: NZDCAD Counter Trade In my journal, I'm noticing NZDCAD made a new lower low on the 4 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade.
I prefer to trade down to my weekly estimation zone 0.81570 and entering on the 4 hour timeframe to keep the stop loss small.
Trade at your own risk and risk level.
I'd love if you can reply your thoughts and like the video for more
NZDCAD - Short active ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: As I expected in my previous analysis price made a retracement, filled the imbalance and then rejected from 4H bearish order block + institutional big figure 0.84000.
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