#NZDCAD: 500+ Pips Buying Chance, Do your own research first! NZDCAD price has sky rocketed due #cad bearish movement, we expect price to make a strong correction as we may see strong bullish price movement taking price to new level at 0.88. Please use your own analysis and knowledge before taking this idea. We wish you good luck trading next week.
**If you like our idea then like and comment the idea, also follow us which will encourage us to bring you more**
Team Setupsfx_
Nzdcadbreakout
NZDCAD: Last Idea Running 300+ Pips, Next Big Opportunity OTW! Dear Traders,
Our last idea hit 340+ pips successfully, and we expect price to continue rising up, after touching our imbalance zone. That area remain a strong possible buying area for buyers. Once rejected at the area we can see strong rebound from our buying zone. 400-500 pips move is expected.
Good Luck and Trade Safe
**If you like our idea then please do like, comment and follow for more**
NZDCAD: 05/04/2024 Swing Selling Idea! NZDCAD
looking at 2-DAY timeframe, we have successfully identified, about future move of the pair, price have dropped significantly and currently doing some major correction, in our view price previously have done the similar movement. Although, the price is bit far away from our selling zone, still it is very likely that it will take sometime to reach our premium selling zone. We strongly recommend to have some patience and let the price come to the zone before buying or selling as we eying on the big move and it take times.
Have a great weekend, we will meet you next week with updates and new ideas.
#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!
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
NZDCAD LONG TERM CHARTOk, i need to stop posting NZDCAD ideas lol... tho the last one looking good and am holding long there on break of expanding wedge that developed on the 4hr into channel resistance leading me to think we could be finally about to break this bear channel to upside? retail positioning supports also.
anyway this weekly chart clearly shows the bull flag and a measured move/break of this targets the top end of the range this pair has moved in for a long time...
NZDCAD BUYLooking At my analysis on NZDCAD it’s very clear at this point what the Market is saying due to pure price action, so we would be buying immediately we get a retest, we broke a beautiful Trend line so at this point we patiently wait for the proper confirmation before we make our buy moves pips target is actually about 240 pips plus, remember always apply proper risk management. This trade is actually a 100% buy due to the trading confluence. Drop a Comment and also if you want more analysis please like and follow me for more thanks.
NZDCAD SELLThis is a beautiful analysis that would 100% plays out just the way you are seeing it on you screen, so basically we are looking to sell NZDCAD for about 200 pips plus, all we need to do is to patiently wait for price confirmation remember that trading is not prediction but price reaction. More looking at this analysis you would 100% know what it says educationally a nice Trend line breakout we are waiting for price to retrace back to our sell zone then waiting for candle sticks pattern to form before taking this trade. drop a Comment on what you think about this analysis
Trading Idea Regarding NZDCADAccording to my analysis this currency pair is going down for the upcoming week
1-Strong Down trend
2-Fallowing key levels repeatedly
Do not get confused by watching dojji canndle to understand the formation of the doji candle take a look at 4 hour chart
as you can see price first make new lower low then retest the key level and start coming down...this move appear as dojji candle on daily chart so don't think it as trend reversal candle