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Nzdcadsell

7 Dimension 4RR Sell Setup for NZDCAD Core Analysis Method: Smart Money Concepts Based on the Smart Money Concepts methodology, the following analysis has been conducted: 😇 7 Dimension Analysis Time Frame: H4 Swing Structure: Bearish swing structure with a Break of Structure (BOS) after taking inducement. Corrective swing move has nearly mitigated everything with 3 pullbacks, forming a corrective internal bullish structure. At the Point of Interest (POI), we see three key elements: Extreme Order Block (OB), Fair Value Gap (FVG), and Liquidity (LIQ) resting above the double top at the Premier zone of the swing. All of these factors align to create a strong area for sellers. Entry Model: Regular SMC Resistance: Demand zone is prominent. Pattern: 🟢 Chart Patterns: Reversal: A double top pattern has been identified. 🟢 Candle Patterns: Long wicks have appeared multiple times at the top, indicating rejection. Momentum candles have also formed in the same area of interest, showing significant market activity. A classic tower top candlestick pattern with valid parameters has been observed. Volume: 🟢 Substantial volume has been observed in this area after a long time. Despite the volume, it has been unable to cross the point of interest, indicating profit booking and a show of strength from sellers. Momentum RSI: 🟢 After a strong bullish momentum, the RSI reversed from the overbought level and shifted into a range inside the sideways to bearish zone. A divergence between the last two highs is supported by loud moves, signaling that sellers are still in control. Volatility Bollinger Bands: 🟢 Transition from contraction to expansion has occurred with a proper squeeze breakout. Walking on the band suggests that the bullish volatile move is nearing its end. Price is forming an "M" pattern in Bollinger Band terms, which is a strong bearish signal. Strength ADX: Sideways yet, indicating neutral strength in the market. Rating: ⭐⭐⭐⭐⭐ All dimensions are in favor of a bearish move. ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Bearish ☑️ POI: Marked 💡 Decision: Sell limit 🚀 Entry: 0.8287 ✋ Stop loss: 0.8333 🎯 Take profit: 0.8110 😊 Risk to reward Ratio: 4 🕛 Expected Duration: 15 Days SUMMARY: The analysis suggests a strong bearish setup with all dimensions aligning in favor of sellers. A sell limit order is recommended at 0.8287 with a stop loss at 0.8333 and a take profit at 0.8110. The trade offers a favorable risk to reward ratio of 4, and the expected duration is 15 days.
Short
by Optimum369
NZDCAD bearish continuation likely … the week of 05 Aug, 2024First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis. This pair has been mostly bearish since mid-June with a pullback during the last few days. In my opinion this pullback will soon end and if I see evidence of that I’ll be taking a short trade. Note that the 38.2% retracement level and the 200 dma are already trying to contain the current up move. The bulls can still push through to the 50% or even the 61.80% levels, so I am going to be watching the PA closely. A momentum move above the 61.80% area will negate my analysis. Let’s see how this plays out. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
NZDCAD - Short active !! Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price rejected from trendline + liquidity zone. As well, on H1 we have regular divergence and for conservative entry you can wait break of structure. Fundamental news: Upcoming week on Wednesday (GMT+3) we have results of Unemployment Rate on NZD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
6
7 Dimension Sell Setup FOR NZDCADCORE Analysis Method: Smart Money Concepts 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish with BOS Swing Move: Corrective move just reached at POI, making a deeper pullback for correction. Internal Structure: Bearish, aligning with the larger timeframe. POI: Momentum move in the low Premier zone. Time Frame Confluence: H4, H1, M15, M5. 2️⃣ Pattern 🟢 CHART PATTERNS: Double top with false breakout. 🟢 CANDLE PATTERNS: Shrinking candles with long wicks forming a hammer. Narrow range patterns are just starting. 3️⃣ Volume: Good volume observed in the move, but unable to breach this POI, indicating it might be just execution volume. 4️⃣ Momentum RSI: 🟢 In bearish momentum zone with range shift. 5️⃣ Volatility Bollinger Bands: 🟢 Contraction is just beginning, so the price might make a small range before moving further down. 6️⃣ Strength: NZD is weaker against CAD. 7️⃣ Sentiment: SELL. ✔️ Entry Time Frame: 15m ✅ Entry TF Structure: Bearish ✔ Entry Time POI: EXT ORDER BLOCK high probability ☑️ FIB Trigger: Activated 💡 Decision: SELL 🚀 Entry: 0.8337 ✋ Stop loss: 0.8360 🎯 Take profit: 0.8156 😊 Risk to reward Ratio: 8 RR 🕛 Expected Duration: 20 days SHORT SUMMARY The analysis identifies a bearish swing structure on the H4 time frame, with a corrective move that has just reached the Point of Interest (POI), making a deeper pullback for correction. The internal structure is bearish, aligning with the larger timeframe. The POI is in the low Premier zone, with time frame confluence observed in H4, H1, M15, and M5. A double top chart pattern with a false breakout is observed, along with shrinking candles forming a hammer. Narrow range patterns are just starting. Volume analysis indicates good volume in the move, but it is unable to breach the POI, suggesting it might be execution volume. The Momentum RSI is in a bearish momentum zone with a range shift. Bollinger Bands indicate that contraction is just beginning, suggesting the price might form a small range before moving further down. NZD is weaker against CAD, supporting the bearish sentiment. The decision is to sell at 0.8337, with a stop loss at 0.8360 and a take profit at 0.8156, providing an 8:1 risk to reward ratio. The expected duration for this trade setup is 20 days.
Short
by Optimum369
NZDCADNZD/CAD currency pair, specifically looking to enter around the 0.84630 level after a correction from an overbought (OB) area. Here are a few points to consider based on your statement: Correction from Overbought Area: If the price is currently in an overbought condition, it may indicate that a correction or pullback is likely. Traders often look for these corrections to enter trades in the direction of the longer-term trend. Entry Point: You mentioned an expected entry point of 0.84630. It's important to have a clear strategy for entering the trade, whether it's based on technical indicators, price action signals, or a combination of factors. Ensure your entry point aligns with your overall trading plan. Stop Loss: Setting a stop loss is crucial to manage risk. It's good practice to determine your stop loss level before entering the trade based on your risk tolerance and the technical analysis of the market. This helps protect your capital in case the trade moves against you. Trade Management: Consider your profit target and how you plan to manage the trade once it's open. This could include trailing stops, scaling out of positions, or exiting at predefined levels of support/resistance. Market Conditions: Always be aware of broader market conditions, economic news, and geopolitical events that could impact currency pairs. These factors can influence price movements and should be factored into your trading decisions. Remember, trading involves risk, and it's essential to have a well-defined trading plan, including entry and exit strategies, risk management techniques like stop losses, and an understanding of the factors influencing the market you're trading.
Short
by Tdawly_Official
4
NZDCAD - Expect retracement ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I expect price to make a retracement to fill that huge imbalance and then to reject from bullish order block. Fundamental analysis: This week on Wednesday (GMT+3) we will see results of Cash Rate on NZD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
NZDCAD Short Trade Setup A #short trade opportunity recently presented itself on the #kiwiloonie (#NZDCAD) #trading chart 📉. This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 0.82514 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 0.81000 psychological level and possibly testing the strength of the 0.80946 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
NZDCAD - Long active ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action from here after price filled the imbalance and rejected from bullish order block + trendline. Fundamental news: Tomorrow we will see result of Unemployment Rate on NZD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
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.
Short
by Setupsfx_
7
NZDCAD - Short active ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and then rejected from bearish order block + institutional big figure 0.82000. Fundamental news: On Wednesday we will see results of Interest Rate on NZD and CAD, news with high impact on currencies, so pay attention to the results in order to validate the direction. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
NZDCAD → Trade Idea | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY NZDCAD ! Great BUY opportunity NZDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
2