NZDCAD Simple Trading SetupsNZDCAD has dipped amongst NZD weakness within a long term uptrend cycle.
This has mostly came (Longer Term) due to Rates and their proposed changes.
Risk appetite currently around US/China rules.
CADNZD trade ideas
Selling NZDCADHello traders this is just a simple break and retest trade.
Head and shoulders
Nice supply zone here which I expect price to retest it will also act as my liquidity/SL Zone.
The position of the pivot point is a very nice level which we can use to place our SL
NZD/CAD- 4hrs ( Sell Trade Target Range 150 PIP ) Pair Name : NZD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Reversal
0.83250 Area
Reasons
- Major Turn levl
- Visible Range hvn
- Channel Break
- Choch Zone
- Day / week low
Bullish Reversal
0.81500 Area
Reasons
- Major Turn level
- Pattern Target
- Choch Zone
- Quarters Area
- Fibo Golden
NZDCADCurrently on NZDCAD we are waiting for price during the upcoming week on the weekly timeframe to takeout the previous 3-months high or the high of the year to register a new high of the year then closing below the previous high, from there we are expecting price to distribute to the downside below the true year open maybe down to level 0.75000
NZDCAD - BULLISH ??hi everyone
here i just share a basic technical analysis
NZDCAD already break resist on H4 , and make a retest
so interesting !!!!
what do you think?
disclaimer
this is not a signal
be smart
NZDCAD BULLSABCD pattern. The low which is A broke structure. B was created as the new high, now C is a retracement to the demand zone that caused the BOS. No liquidity & no FVG!
Bearish reversal?NZD/CAD is rising towards the pivot which acts as an overlap resistance and could reverse to the pullback support.
Pivot: 0.84198
1st Support: 0.83475
1st Resistance: 0.84740
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDCAD LONGMarket structure Bullish on HTFs 30
Entry at Weekly and Daily AOi
Weekly Rejection at AOi
Daily Rejection At AOi
Previous Daily Structure Point
Around Psychological Level 0.840000
H4 Candlestick rejection
Rejection from Previous structure
Levels 6.44
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
NZDCAD: Bullish Trend (Harmonic Pattern)NZDCAD is forming Bullish Trend, there is also Bullish Divergence on 1hr time frame and perfect Harmonic Pattern so we can take a long trade on CMP with proper Risk Management.
NZD/CADTrading Idea NZD/CAD
On the NZD/CAD pair, the price has previously reacted to the psychological level of 0.8400.
Currently, after reaching this level, the price has made an impulsive move to the downside and formed a lower low on the 4-hour timeframe.
I expect the price to continue moving downward, with the take-profit level aligned with the Fibonacci levels.
For now, I’m simply waiting for a strong rejection before entering this trade. Until such a rejection occurs, this trade remains invalid
Pullback support ahead?NZD/CAD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level tour take profit.
Entry: 0.8328
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.8284
Why we like it:
There is a pullback support level.
Take profit: 0.8423
Why we like it:
There is an overlap resistance that aligns with the 50% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
50% Fibonacci support ahead?NZD/CAD is falling towards the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 0.83409
1st Support: 0.82859
1st Resistance: 0.84249
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDCAD LongTaking another position here on this pair, got stopped out on the first position at BE and that was really a "almost TP-taken trade" which is annoying. But i took another one though and see how it plays out
Bullish Sentiment on NZDCAD All my four major confluences are present which are-
*) Market structure(BoS)
*) Demand
*) Imbalance
*) Liquidity(Entry & Take Profit)
So I would have gone Aggressive entry on the HTF but I strongly prefer to use the Confirmation(ChoCh) on the LTF before executing. So I’m patiently waiting.
Note: the market is all a probability which also makes my analysis a probability.
NZDCAD 01/09/2024Weekly:
-Inverse H&S pattern.
-IC acting as support.
Daily:
-Bullish M pattern.
4H:
-Bullish M pattern.
-FVG.
-Fib completion.
NZDCAD Low TFBias Bullish
Fundamental
NZD have been bullish movement, CAD is moving bearish.
Price Action
Price retrace back to H1 SR level. Price consolidated and rejected from the H1 SR level breaking and closing above the M15 resistance level. Price also break and close above H1 bearish trendline. Price formed a double bottom pattern. H1 engulfing candle can be seen breaking the SR & Trendline levels
Setup
Strategy break and retest
Long setup at broken M15 resistance level.
SL below the swing low of double bottom pattern.
TP in H4 SR level R:R 1:5
NZDCAD TRADE SETUP✅Pair Name: NZDCAD
✔ Classic bullish formation
NZDCAD is holding continuous up trend so after market retracement I can take buy entry. If your analysis matches it take a trade otherwise skip the trade.
"💖 Show your love by liking & leaving a comment! Your support means the world to us! 💖"
Lingrid | NZDCAD short from STRONG resistance zoneThe market has reached a significant resistance level on the daily timeframe, specifically at the area where a sharp bearish move occurred two months ago. The price action is currently creating a broadening triangle pattern, which can indicate a loss of momentum and increased volatility. Considering these factors, I anticipate a pullback toward the support level, especially in light of the divergence observed in the price action. Additionally, the psychological level at 0.85000 adds weight to the potential for a retracement as we might look to take profits or reassess positions around this key area. My target is support level at 0.83700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
NEW TRADE!!! - NZDCAD: ITF CURVE ANALYSIS (4D) - DOWNTREND✨ NZDCAD: ITF CURVE ANALYSIS (4D) ✨ (DOWNTREND)
SLO2 @ 0.8475 - TOTALLY LUCKY TRIGGER.... OLD ORDER
SLO1 @ 0.84502 ⏳
SLO1 @ 0.84477 ⏳
SLO1 @ 0.84398 ⏳
SLO1 @ 0.84367 ⏳
SO @ MO (If you're feeling froggy... jump. It's only 25 pips at most to be in DD if it goes up) ⏳
TP1 @ 0.83364
TP1a @ 0.8250
TP2 @ 0.81702
TP3 @ 0.80614
BLO1 @ 0.80352 ⏳ (DO NOT SET!!!!)
BLO2 @ 0.79717 ⏳ (SET PRICE ALERT ONLY!!!!)
🔑
BLO = BUY LIMIT ORDER
DD = DRAWDOWN
ITF = INTERMEDIATE TIME FRAME
MO = MARKET ORDER
SLO = SELL LIMIT ORDER
SO = SELL ORDER
TP = TAKE PROFIT
NOTE: We ate very well on our first posted trade with this pair.... now I'm back for seconds!!! We weren't able to fully get everything this trade had to off but we were able to shave for some profits and close out add-ons before PA came back and hit all of our +SL's. Luckily, it went right back up to our entries and presented us this opportunity to make that profit back and then some...Let's see what it gives
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
NZDCAD Buyers In Panic! SELL!
My dear friends,
My technical analysis for NZDCAD is below:
The market is trading on 0.8437 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8354
Recommended Stop Loss - 0.8490
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
NZDCAD.. positive bias before PCE data announcementUS PCE (Personal spending) data will be announced in the begining of the American session today with positive expectations, if these positive expectations are achieved this means that the economy is strong and will give boost to AUD, NZD and stock markets.
