NZDCAD looks strong bearishNZDCAD looks strong bearish it's most likely looks market will go down if this strong support break then we can see new bearish structure . let's see what will happened What do you think?
CADNZD trade ideas
NZD/CAD - Possible ReversalNZD/CAD Formed a bearish divergence on Daily Resistance Level - Bearish Reversal is expected! (96% Bearish Sentiment - MyFxBook)
Entry on Break of HL - Confirmation Level (0.83070). Take Profit 1 - 0.82500 (Support Level), Stop Loss -0.83640 (Above HH).
NZDCAD IS IN BEARISH TREND NZDCAD is in bearish trend and bearish divergence also confirm the trend my trade plane mention in chart
NZDCAD is ready to start bearish trendwith bearish divergence and reversal rising wedge pattern the pair is looking good for selling on 1hr TF
CAD/NZD Trade Alert - Bullish Opportunity at Key Support LevelThe CAD/NZD currency pair is currently positioned at a crucial support level, exhibiting strong technical indicators suggesting a potential upward movement. The identification of a Bullish RSI Divergence on both the 1-hour and 4-hour charts reinforces our bullish sentiment.
Entry and Risk Management:
Entry Point
Our recommended entry point for this trade is at 1.2008. This level aligns with the support area, providing a strategic entry with a favorable risk-reward ratio.
Stop Loss:
To manage risk effectively, a stop loss should be placed at 1.1928. This ensures that any unexpected downward movement beyond the support level is contained, protecting our trading capital.
Profit Targets:
Take Profit Levels
We have identified three key take profit levels for this trade:
TP-1: 1.2088
TP-2: 1.2168
TP-3: 1.2247
These levels are strategically chosen based on historical resistance points and expected price action, offering incremental profit-taking opportunities.
Confluence and Confidence:
The confluence of the key support area with the Bullish RSI Divergence across multiple time frames adds significant confidence to our bullish bias. The RSI Divergence indicates a potential reversal and strength in buying pressure, suggesting that the CAD/NZD pair is poised for an upward correction.
Conclusion:
The current technical setup for CAD/NZD presents a compelling bullish opportunity. With the entry point at 1.2008, a well-placed stop loss at 1.1928, and clearly defined take profit targets, this trade setup offers a favorable risk-reward profile. Traders should monitor the price action closely and adjust their positions accordingly as the market evolves.
NZDCAD SHORT
Weekly:
- Hedge position
- 3 leg -68 FC
- Solid candle close
- Very clean and impulsive S&D zone
S&D zone where price is tap and go
Daily:
- Impulse has happend
- No Daily FIB C
- Seeing momentum is taking of
4H:
- Waiting on deceleration
- Black line = risk free
- Potentially waiting on reversal pattern
(-> because we are at selling regions)
NZD CAD SWING LONGHello there traders! I have made an analysis on this pair that i rarely looked at. I am expecting this pair to be pushing hard to the higher highs on Weekly due to completing corrective ABC wave. Its still early for entry and i will enter coming week on retrace to be safe. Let me know if you have any questions! Trade safe traders!
NZDCAD: Bullish indices and Potential upsidesHey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.82600 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.82600 support and resistance area.
We would also like to consider the current bullish bias on indices and the bearish USD, these factors are positive for commodity linked pairs like NZDCAD and AUDCAD due to the correlation.
Trade safe, Joe.
NZDCAD - Bullish Gartley Pattern CompletionNZDCAD has completed its bullish pattern, however, no divergence has been observed to indicate price reversal. Having said that, there is a buy opportunity at the break of previous lower high as some bullish movement is expected.
Nzdcad Nzdcad has been trending for a while, I'm looking for a pull back to my demand zone, and I will initiate a buy trade, my stop loss will be below my demand zone while my take profit will be at recent high.
TRADING THE FINANCIAL MARKETS IS A DANGEROUS GAME ALWAYS USE STRICT RISK MANAGEMENT PROTOCOLS AND ALWAYS DYOR!!!
Nzdcad short trade ideaPossible NZDCAD trade scenario
Enter with confirmation on ltf
Manage risk if Taken Direct entry on THESE zone
1:2-3 Rr
Indicator based SMC approach
Follow and like for more setups
NZDCAD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
POTENTIAL LONG OPPORTUNITY NZDCAD Hey guys hope you are all having a wonderful and blessed weekend so far! Just wanted to come on here and make a post for a potential setup I see for the week ahead on NZDCAD! Not going to go super in-depth but will give a general breakdown of why I am looking at this pair to potentially trade. Lets dive in!
OK so starting on the weekly timeframe price seems to be getting some buyer interest around the lows of 0.81000 area of demand...ending the last week of data with a strong buyer engulfing candle. On the daily timeframe you can see price attempted to push lower on the daily to break the 0.80700 lows but failed and the buyer actually ended up buying up prices forming a HL in price with strong momentum=interest. SO this really caught my eye.
So what I am expecting here is at least potentially another push to the upside from 4H demand levels into the daily supply zone around 0.82800 that I have marked off.
The key is going to watch to see how sellers react on the pullback (if we get one) and potential to swing this to the upside. We also do have some fib alignment and 4H EMA alignment with demand as well which adds some technical confluence to our zone and setup also.
Hope you guys got some value in this please boost and follow my page for more high accurate analysis and setups! Cheers!
NZDCAD - DOUBLE BOTTOM 🚀Hello Traders !
The NZDCAD Price Formed a Double Bottom Pattern.
The Neckline is Broken !
So, I Predict a Bullish Move 📈.
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TARGET: 0.83200🎯
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
NZDCAD Short Market Structure Bearish on Multiply Time Frames
Daily Broke Structure on Friday to the downside
My Entry is potentially at the Daily AOi
There is Weekly Rejection at this level
Daily Rejection at this Level
Daily Bearish Engulfing
Previous Daily Structure point
Around Psych Level 0.82500
H4 Candlestick Rejection
Rejection from Previous structure
SOS 1:4.04
Entry Signal 85%
Waiting to see the open for this week, How the price will behave on Monday and then react accordingly
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Stay Hydrated
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NZDCAD - Potential buy idea ✅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 wait price to continue the retracement to fill that huge imbalance lower and then to reject from trendline + FIBO 0.618 level.
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NZDCAD Lately on NZDCAD price has retested the daily fair value gap and also closed below it, indicating a sell wave on top on that price has just taken out the previous monthly high now heading for the previous monthly low.
NZDCAD | Short H4 | Market Exec | Pure Retracement PlayTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 and H1 time-frame. D1 is also entering Overbought Conditions.
- Price action is close to last month's Resistance Trendline
- Price action is in a consolidation zone
- Targeting the 61.8% Fibo retracement
Suggested Trade:
Entry @ Area of Interest 0.8210 - 0.8230
SL @ 0.8244
TP 1 @ 0.8184 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8151
Risk-to-Reward @ Approx. 2.04 (Depending on Entry Level)
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