CADNZD trade ideas
NZDCAD SHORTSSPECIAL TRADE!!!
Market structure bearish on HTFs DH
Entry at both Weekly and Daily AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Daily H&S Pattern (Retest of the Neckline)
Previous Daily Structure point
Around Psych Level 0.83500
H4 Candlestick rejection
Rejection from Previous structure
Levels 7.84
Entry 95%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
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NZDCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NZDCAD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.834.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.831 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDCAD BIASI REALLY DON'T LIKE RANGING MARKETS BUT THATS WHAT THIS MAKERT IS!!!!!
- I would like to support bearish prices due to the buy side that was swept.
- 4 HR looks bearish. I would sell it in that 4hr BREAKER.
- Waiting for this week to end would be the best option to determine where this Market is going.
- But during Asian Session I will take sell looking at a 15mins MSS to develop.
That's a C set up to me!!!!!!!
Shifted bearishFrom the bullish market price mitigated the 4h order block at 0.84736 and reduced to provide us with displacement. The shift engineered a flip to supply zone for a bearish distribution. With the two break of structures in hand, this data tells us that we have a strong bearish market. Looking for a hike to sweep the liquidity and mitigate the rejection block for a clean bearish entry at 0.83955, with stop loss at 0.84355 and our target at 0.82155…
NZD/CAD- 4hrs ( Sell Trade Target Range 150 PIP ) Pair Name : NZD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short )
Type : Mid Term Swing
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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