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...
Nzdcadlong
NZDCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: We are here bearish after the price changed the character and started to broke the structure. Now I expect price to make a retracement to fill that huge imbalance higher and then to reject from institutional big figure 0.85000 for a short position.
Fundamental analysis: Tomorrow we have news on CAD, will be released CPI, pay attention to the result in order to validate the anaylsis.
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NZDCAD LongHello guys.
I anticipate that this pair is building a bullish momentum. The price touched a major resistance zone, then bounced. It seems that this zone is weakened and the price will break out of this zone.
My entry point is at 0.852, at the zone, after a breakout and retesting the zone. My stop loss is at 0.844, which is way below the current support zone. I am targeting a 1:3 R:R for this trade.
Remember, risk 1% of your account while trading.
Have a pippy day!
NZDCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on NZDCAD
Technical analysis: Here we are in a bearish market structure on higher timeframe, so I am looking for shorts, as we can also see that price made an intermediary CHoCH. I expect price to go a little bit higher to fill the imbalance and then to reject from bearish order block + institutional big figure 0.85000.
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NZD/CAD - Bullish divergence characteristic!Overview
FX:NZDCAD was in a bearish trend, however, bullish divergence was formed on RSI and price has since formed a higher high signalling a bullish trend!
Analysis & Plan
Price has formed the first higher high after experiencing a downtrend. Last two times when bullish divergence was formed on price, it lead to a bullish trend as marked on chart with the yellow lines! Price has already created a higher high and I am expecting this characteristic to repeat again! All bullish and bearish factors considered for this trade are displayed on the 4 hour chart!
NZDCAD TRADE AFTER THE PLAN.Hello traders around the world.
My name is Alexandre Karim.
Today we will be talking about NZDCAD double long position. I already posted my analysis on 9 March showing you the long position scenario.
Lets talk abou the first position on NZDCAD which was a descending channel / falling wedge on the daily lower TL. The entry was at the breakout of the pattern (0.82780) and the SL below the previous low (0.82592). Moved to breakeven when the price broke the upper TL of the 4H / Daily chart. Running currently at 11%.
The second position on this pair was an hourly bull flag as outer structure. The entry was at the breakout of the pattern (0.83564) and the SL below the previous low (0.82592)
Currently I'm looking for a 1H correction to lock below it and secure %.
Be patient.
Look for the best set up.
Trade quality not quantity.
#THEPRIMES
NZDCAD Buy settupHello, as we can see from a daily perspective, the trend was a downtrend until the price reached and rejected the support level.
On 4H, we can see the formation of higher highs and higher lows indicating the structural change from a bearish to a bullish structure.
On 1H, the price is moving in ascending trendline where it has already made two touches on the trendline and broke above the support level.
My bias for NZDCAD is bullish so I will wait for the price to retest the support level which is also a 50% - 60% Fibonacci retracement level and make a third touch of ascending trend line if there will be confirmation I will take a long position.
NZDCAD - Expect retracement ✅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 shorts. I expect price to make a retracement to fill the imbalances higher and then to reject from bearish order block + institutional big figure 0.84000.
Fundamental analysis: Tomorrow will be released monthly CPI on CAD, but on Wednesday will be released quarterly CPI on NZD which was forecasted to increase this means strength of currency and validation of our analysis.
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20 Reason for Sell NZDCAD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: sIDE WAYS TO DOWN SINCE 8 YEARS
2:📆Monthly: proper bear trend and market except at reversal points also making hl since four months
3:📅Weekly: 2rd swing hl with tweezers
4:🕛Daily: choch did start another bear move
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: choch done
6: 2 Pattern Candle Chart: long wick upside
7: 3 Volume: execution volumes and after increasing on bearish candles
8: 4 Momentum UNCONVENTIONAL Rsi: triple resistance at 60 also a head $ shoulder on a rsi
9: 5 Volatility measure Bollinger bands: m pattern with proper volume
10: 6 Strength ADX: sideways
11: 7 Sentiment ROC: cad is in power
✔️ Entry Time Frame: h4
12: Entry TF Structure: bear
13: entry move: impulsive
14: Support resistance base:
15: FIB:
☑️ final comments: sell
16: 💡decision: sell
17: 🚀Entry: 0.8441
18: ✋Stop losel: 8570
19: 🎯Take profit:0.7650
20: 😊Risk to reward Ratio: 1:5
🕛 Excepted Duration: 5 week
NZDCAD - Bearish price action ✅Hello traders!
‼️ This is my perspective on NZDCAD.
Technical analysis: Here I am bearish as we can see that price filled perfectly the imbalance and mitigated bearish order block, as well on MACD we have a normal divergence which indicates bearish price action.
Fundamental analysis: Tomorrow we have news event on CAD. It will be released monthly CPI, which was forecasted to remain the same. This news could support our move.
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NZDCAD: GO LONG- WAITING FOR RETEST NZDCAD it’s very clear at this point what the Market is saying price action, so we would be buying immediately we get a retest.
This trade is actually a 100% buy due to the trading confluence.
The strong short-term increase of NZD/CAD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.8490 CAD, a purchase could be considered. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.866 CAD.
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 PLAN.Hello traders around the world!
My name is Alexandre Karim and today I want to talk about NZDCAD for a possible long position scenario.
On the weekly chart we can draw a descending channel since April 2016 (Low at 0.86573) & November 2016 (High at 0.98831) till present taking multiple touches.
The descending channel shows us an upside gravity + on the higher time frame we can clearly see that the price made a "V shape" and a bullish correction after it.
If we zoom in to the daily chart, we can draw the upper and lower TL of this bullish correction.
Moving to the 4H chart, we can check our areas for a long position. The first one would be a reversal on the lower 4H TL and the second one would be a breakout of the upper TL + giving us a continuation after.
I will be focusing on the 1H chart to execute the trade.
These are two possible scenarios on NZDCAD!
What are your thoughts?
Remember, patience is key!
Wait for the perfect set up before entering any trade.
#ThePrimes