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NZDCADIDEA

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: 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 Technical Analysis And Trade IdeaIn this video, we offer a comprehensive breakdown of the NZD/CAD currency pair, focusing particularly on the prevailing bearish sentiment observed in higher timeframes. Notably, the NZD/CAD has reached a critical support level. Throughout this presentation, we delve into fundamental aspects of technical analysis, encompassing elements such as the existing trend, dynamics of price movement, market structure, and various other crucial components of technical analysis. As we proceed further in this presentation, we closely analyze a potential trading opportunity. It's crucial to emphasize that the information shared in this content is purely for educational purposes and should not be interpreted as financial advice. Engaging in foreign exchange market trading carries a substantial level of risk. Therefore, it is imperative to prudently integrate risk management strategies into your trading plan.
Short
by fxtraderanthony
BluetonaFX - NZDCAD Trendline Break SHORT IdeaHi Traders! NZDCAD is on the trendline support, and there is an opportunity for short entries leading to a possible support break. Price Action 📊 Market swings filled with lower highs and lower lows consistently for the past eight weeks. The market has also failed to close above the 20 EMA for the past three weeks, showing a current lack of bulls in the market. We are looking for a momentum break and a close below the support trendline. Fundamental Analysis 📰 New Zealand recently announced worse PMI figures, leading to fears of a worse-than-expected GDP figure tomorrow. Support 📉 0.79725: SUPPORT TRENDLINE Resistance 📈 0.80261: 20 EMA 0.80851: RESISTANCE TRENDLINE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
1