NZDCAD - Short TradePrice swept liquidity, made a false breakout of the 1D swing, and closed below.
After that, we have a break in market structure, which shows us sign of weakness on key level.
That's why there's a higher probability of seeing prices lower at FTA (first trouble area) as next liquidity level.
Keep it simple and consistent!
CADNZD trade ideas
Key Levels for NZD/CAD: Support and ResistanceCurrently, the NZD/CAD pair is trading at 0.8400. It's important for traders to monitor key resistance level at 0.8435. A break above this resistance could indicate a bullish signal, allowing the price to rise further, with targets set at 0.8500 and 0.8530.
Conversely, if the price moves downward and breaks the support level at 0.8372, it may lead to further declines. In that case, the next support level to monitor would be at 0.8327.
NZDCAD - Bullish Seasonals - Bullish ContinuationFX:NZDCAD - October has been a positive month for this pair 80% of the time in the last 14 years. Recently, price retested the weekly higher low (block dotted line), formed bullish divergence and continued the bullish momentum! I am expecting a bullish month for NZDCAD as per seasonal behavior and current price action!
NZDCAD - Long TradeOn the previous week, price swept the previous month low with a great sign of strength - market structure break.
As a target, I prefer the opposite key level
Excited to see your opinion in the comments, and I'd like if you boost this idea if it was helpful for you!
Keep it simple and consistent!
BUY NZDCAD - trade explained in detailTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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NzdCad Trade IdeaNC for me is bearish at the moment. Price is currently retesting a daily higher low after breaking bullish structures last week. We are bullish on smaller time frames at the moment with price giving us the pullback to retest. I'll personally be waiting on price to shift on the smaller time frames to then be in sync with the new overall trend. That shift should be our window to get into shorts for the new week. We could expect price to tap back into the low it made last week. Now if price comes back above that daily higher low with both time frame supporting longs then longs would end up being the new priority for me. We'll see what happens.
ICT Long setup on NZDCAD👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in
NZDCAs for session trade (a couple of hours)
Here is a session trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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Possible Sell Trade on NZDCADThis is my analysis trade for NZDCAD.
Weekly is bullish but Daily and 4H are both bearish for HTF direction.
I will wait for the pullback going up for the price to go to my sell zone for the OB which are showing up from 4H all the way down to 15M timeframe. So for me, this is the best location to sell again for another possible round of bearish action for this market.
I added a trade alert so I will not look at this pair in the week until my alert gets triggered.
Once price goes to my sell zone and I get my alert, that's the time I will go down and find my possible trade entry on lower timeframe so I can have a tighter stop loss and possibly get a better risk reward ratio.
Possible target would be the last swing low on the 4H timeframe.
I will update my trade idea here once price goes to my buy zone for my possible entry on the lower timeframe.
NZDCAD is BullishPrice was in a downtrend, however the bulls seem to have won control of the price action after the emergence of a bullish divergence which led to the break of previous lower high. If the momentum persists then we can expect a bullish reversal from here as per Dow theory. Targets are mentioned on the chart.