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Nzdcadshort

NZDCAD is in the Bearish direction From Solid ResistanceHello Traders In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET today NZDCAD analysis 👆 🟢This Chart includes_ (NZDCAD market update) 🟢What is The Next Opportunity on NZDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
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
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