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Nzdcadforecast

NZD/CAD 4HR BUY SET UPHi TRADERS this is my trade set up for the NZD/CAD for the new week ahead NZD/CAD nice bullish pin bar on the daily chart, I will be looking for a quick buy trade on this pair, it has been in a long downtrend and is very risky going against the trend so trade carefully so i will be looking for a pullback to order block zone to take a BUY trade This is my analysis only please trade with caution and risk management in place clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please follow like and comment thanks
Long
by Costy13
NZD/CAD Full breakdown I will be doing a full breakdown from monthly to daily. Also I will be including Fundamentals that will help us out with the direction as well. Monthly: The price is currently rejecting a demand zone which is good because it can be a sign of a rejection to the up-side like it happened in the past. Weekly: The price is clearly over extended. When price is over extended we can expect a correction. If we take the fibonacci to measure the possible correction we can see that the .786 fibonacci level is in confluence with structure. We could expect the price to make a correction and reach the price of 0.88151. Daily: The price is bearish making lower lows and lower highs. We need to wait for the shift of the price to a bullish price. Fundamentals: To see this movement happen the base currency must be stronger than the quote currency for that specific period of time. -If we look at the commitments of traders we have a good confirmation that base currency is currently stronger than quote. In the COT we can see that institutions closed 3,078 long and opened 7,862 shorts of the quote currency( CAD). - Institutions opened 2,630 and also opened 5,939 shorts of the base currency(NZD) -The base currency is stronger than the quote currency. We can definitely expect the movement to the upside. With all the information that I gather we can see that there is a strong possibility for the movement to the upside happen.
Long
by Wiiso
NZDCAD, We are in sell zone areaHello everybody According to the chart you can see after breakwave that we made and the trend that changed to downward and the power of the bullish and correction was became weak its time to take short position until reach to the target . In our way we have another minor resistance that the price can impact to it and after that its ready to break that down and continue the wat toward the target. Dont forget use stop loss and trail your position and manage it Good Luck Abtin
Long
by Abtin00
NZDCAD BUY TRADE IDEA - BREAK OF STRUCTURE & WEEKLY ICIHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ Monthly, Weekly, & Daily is bullish. We go on the weekly where we can see that we have an ICI to the upside and a major support structure where the market has tested it multiple times before, we are expecting it to retest the support before it continues to the upside. Dropping on the 4H time frame, we are waiting for the MACD to be above the 0 and EMAs are already cut for long, our entry is at the structure and stop loss is below structure and last low, our take profit is at the impulse of the weekly. Trade Signals BUY Entry: 0.88063 Take Profit: 0.90044 Stop Loss: 0.87416 Good luck! Trade wisely, please do proper money management. ~FX_SHIFTER
Long
by fx_shifter