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NZDCADSETUP

NZD/CAD PAIR BREAKDOWN! 👋 Hey there traders, and welcome to a brand new pair breakdown! 📌 If you like the content that I produce for you all, show some love by smashing the like and follow button, also, leave a comment! That keeps me motivated to produce more content! 📌 Why should you follow me on Tradingview? I'm transparent. I provide educational content. High probability setups I explain all my steps in-depth 📥 If you would like me to analyze a pair, or discuss something educational and or trading related, let me know via private message, or drop a comment! I always respond to all the comments! :) Keep in mind that the analysis provided is not 100% accurate and that you can never be certain about the markets. This information given is not financial advice, always do your own research. Thank you for your time, and let's destroy the markets together!
by UnknownUnicorn7363578
NZDCAD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 Oct M > Market is moving in a downward channel, price dropped from resistance level of the channel completing the W formation. W > Price dropped to test monthly support, faced rejection and moved to test weekly resistance. Price also has support of rising trendline. D > We can see formation of H & S pattern, hence we can expect bearish movement. As per COT NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY improved its position last week. CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week. 4H > Price is creating LH and LL in its bearish trend, price needs to break 4H support level to confirm bearish trend. We expect drop till support trendline. Pair Correlation > NZDCAD has positive correlation with NZDCHF and AUDCAD and negative correlation with EURNZD and GBPNZD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
1
NZD/CAD New Setup To Catch More Than 150 Pips As We See We Have This Head And Shoulders Pattern And The Price Close Below Neckline And Now We Can Enter A Sell Trade After Retest For Neckline And Have Any Bearish Price Action To Confirm . This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Short
by FX_Elite_Club
NZD/CAD and where to SELLHey tradomaniacs, previous fakeout the the downside hasbeen a strong Stop-Loss-Fishing-Move and resulted in a strong upmove. Currently NZD/CAD is testing a strong resistance but still shows a lot of buy-pressure there which makes it more likely to see a break until the next resistance which would complete the A-B-C Pattern close the the 50% - 61,8% Retracement. Up there we would probably get a nice chance to sell as soon as we see bearish confluence. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
1
NZDCAD MULTIFRAME IDEA ** JUST AN IDEA. NOT A SIGNAL ** We can clearly see momentum has been lost within the 4 hour graph. A range has been formed, once the trade shows us a breakout we could buy or sell. We know the volume of buyers or sellers will be strong once the range has been broken. Interesting pair to watch. Thanks for viewing! Please support this idea by liking and leave any comments you wish ✨ Feel free to support us with a follow or join us for free on telegram SnapForexFreeChannel✨ SnapForexOfficial.
by SnapForexOfficial