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CANADIAN DOLLAR / NEW ZEALAND DOLLAR

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CADNZD trade ideas

We have displacementWe have a daily breaker block as our higher timeframe base and and a broken structure before price hiked to clear the swing high at 0.81600. The gathered data indicates a strong bullish market because price filled the fair value gap imbalance, mitigated the order block and we have a clear displacement due to the body close that spiked 0.81700. From here we ought to expect a flip to the unmitigated fresh demand zone for bullish positions. Going aggressive on this one is optional, looking to execute at 0.81420, stop loss of 15 pips just below the demand zone for price to breathe and we are targeting the supply zone at 0.82020 which adds up to a 60 pip target…
by tokelohomi
NZD/ CAD !! 7/26 trendline Uptrend✍️ NOVA hello everyone, Let's comment on NZD/CAD price long-term trend 🔥 Identify: D1 - long-term time frame shows that the price is following the Uptrend line - touching the trendline. wave 5 🔥 Technically: Based on the resistance and support areas of the NZD/CAD price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: 0.82500 - 0.84000 - 0.85500 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Long
by Nova-Scalper
3
NZDCAD WEEKLY SYMMETRICAL TRIANGLE, RETEST@78.6% 483 PIP MOVE?Trading the Symmetrical Triangle Identify the Pattern: Recognize the symmetrical triangle on the price chart by connecting the series of lower highs and higher lows. Wait for the Breakout: Do not enter a trade until the price breaks out of the triangle. A breakout is confirmed when the price closes outside the trend lines, either above the upper trend line or below the lower trend line. Volume Confirmation: Look for an increase in volume during the breakout to confirm its validity. Set Entry Points: For an Upward Breakout: Enter a long position when the price breaks above the upper trend line. For a Downward Breakout: Enter a short position when the price breaks below the lower trend line. Set Stop-Loss Orders: Place stop-loss orders to manage risk. For an upward breakout, a stop-loss can be placed just below the lower trend line, and for a downward breakout, just above the upper trend line. Set Profit Targets: Measure the height of the triangle (the vertical distance between the initial high and low) and project it from the breakout point to set profit targets.
Long
by BenjaminFib
Detailed Review of NZD/CAD Weekly Chart Analysis### Detailed Review of NZD/CAD Weekly Chart Analysis #### Overview The NZD/CAD currency pair has recently presented some intriguing patterns and formations on the weekly chart, suggesting a potential bullish outlook. Key indicators such as the SSL channel, bullish Fair Value Gaps (FVGs), and the sequence of swing lows (STLs) and intermediate trend lows (ITLs) are contributing to this analysis. Let's delve into each aspect to understand the implications and opportunities for traders. #### SSL Channel Bullish Signal The SSL (Semafor Stop Loss) channel is a critical tool used by traders to identify trend directions and potential reversals. In the case of NZD/CAD, the weekly chart shows a bullish signal where the SSL channel has been "grapped" or intersected. This intersection typically indicates a shift from a bearish to a bullish trend, signaling traders to look for long positions. #### Creation of Bullish Fair Value Gap (FVG) A Fair Value Gap (FVG) is a price gap where an imbalance between buyers and sellers has occurred, leading to a rapid price movement. On the NZD/CAD weekly chart, a bullish FVG has been created, highlighting an area where buyers have overwhelmed sellers. This gap often acts as a strong support zone, suggesting that the price may find a floor here before continuing its upward trajectory. #### Sequence of Swing Lows (STLs) and Intermediate Trend Lows (ITLs) 1. **STL Formation:** The sequence of swing lows (STLs) is crucial for confirming trend reversals. In the case of NZD/CAD, the chart indicates the formation of new STLs, which further strengthens the bullish sentiment. These lows represent higher lows compared to previous swings, showing a consistent upward momentum. 2. **ITL Formation:** Intermediate Trend Lows (ITLs) are also forming in conjunction with STLs, providing additional validation for the bullish trend. ITLs are essential for identifying intermediate corrections within the primary trend, offering traders opportunities to enter the market during pullbacks. 3. **STL to be Created:** The pattern suggests that another STL is likely to be created soon. This anticipated formation aligns with the overall bullish sentiment, giving traders a potential entry point to capitalize on the upward movement. #### Conclusion The NZD/CAD weekly chart presents a compelling case for a bullish outlook based on several key indicators. The SSL channel's bullish signal, the creation of a bullish FVG, and the sequence of STLs and ITLs all point towards a strong upward trend. Traders should monitor these patterns closely and consider long positions to take advantage of the potential bullish movement. By staying informed about these technical indicators and understanding their implications, traders can make more strategic decisions and maximize their trading opportunities in the NZD/CAD currency pair.
Long
by Asif_Brain_Waves