NZDCAD Date 22nd April Week Analysis22nd April to 26th April Week Analysis.
It's all about probability. You can't predict price with 100% Accuracy, Atleast you can try it!
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CADNZD trade ideas
nzdcadAfter beautiful profits selling this asset we´ll look for buy opportunities.
Type of order: pending buy order.
Risk:reward 1:2.5
If price continue going up, we´ll remove it.
Blessings.
Good luck.
CADNZD Bullish Momentum Detected - Actionable Analysis InsideCADNZD is currently demonstrating a robust bullish momentum within a significant support zone, coupled with adherence to an ascending trendline, suggesting a favorable bullish trajectory. This analysis delves into key technical indicators to assess potential trading opportunities.
Key Technical Factors:
1. Bullish Momentum:
CADNZD exhibits a notable bullish sentiment, underscored by a sustained upward movement. This momentum is indicative of a strengthening buying pressure within the market.
2. Support Area:
The currency pair has encountered a key support zone, reinforcing the bullish bias. The confluence of buying interest at this level further bolsters the potential for upward price movement.
3. Bullish Trendline:
The presence of a bullish trendline underscores the continuity of the upward trajectory. The adherence to this trendline serves as a technical validation of the bullish sentiment prevailing in the market.
Trade Recommendation:
- Entry Point: Initiate long positions near 1.2255 to capitalize on the ongoing bullish momentum.
- Stop Loss: Place a stop loss order near 1.228 to mitigate potential downside risks and protect capital in the event of an adverse price movement.
- Take Profit Targets:
- TP-1: Set the first take profit target at 1.2314 to secure profits as the price continues its upward journey.
- TP-2: Aim for a secondary take profit target at 1.2358 to capitalize on further bullish momentum and maximize gains.
Risk Management:
It is imperative to exercise prudent risk management strategies, including the use of appropriate position sizing and adherence to stop loss levels, to safeguard against unexpected market fluctuations.
Conclusion:
In conclusion, CADNZD presents a compelling bullish opportunity supported by strong momentum, a key support area, and adherence to a bullish trendline. Traders are advised to consider the aforementioned trade parameters and exercise diligence in managing risk while pursuing potential profit opportunities in the market.
NZDCAD LONGThis 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
NZDCAD Short - CRAB HarmonicHarmonic Pattern: The Crab Harmonic pattern is a reversal pattern that indicates potential trend exhaustion. In this case, the presence of a Crab Harmonic pattern suggests a possible reversal to the downside for NZDCAD.
Technical Indicators:
Confirmation: Look for additional technical indicators or chart patterns to confirm the potential reversal signaled by the Crab Harmonic pattern. This could include overbought conditions on oscillators like RSI or stochastic, bearish candlestick patterns, or a break below key support levels.
Trade Setup:
Entry: Place a sell stop order below the recent swing low, anticipating a continuation of the downtrend once the price breaks below this level. The sell stop order ensures entry into the trade once the downward momentum is confirmed.
Stop-loss: Set the stop-loss order above the recent swing high or the X point of the Crab pattern to protect against potential losses if the price reverses unexpectedly. Ensure that the stop-loss level is placed outside of the potential reversal zone (PRZ) defined by the Crab pattern.
Take-profit: Determine the take-profit target based on key support levels, Fibonacci extensions, or a favorable risk-reward ratio. Consider scaling out of the position as the trade progresses to lock in profits.
Risk Management:
Position Size: Calculate your position size based on your risk tolerance and the distance between your entry point and stop-loss level, ensuring that you only risk a predetermined percentage of your trading capital per trade.
Risk-Reward Ratio: Aim for a risk-reward ratio of at least 1:2 or higher to ensure that potential profits outweigh potential losses.
Conclusion:
With the Crab Harmonic pattern suggesting a potential reversal to the downside for NZDCAD, a short position with a sell stop order presents a favorable trading opportunity. However, always conduct thorough analysis, practice proper risk management, and remain vigilant for any unexpected market developments.
NZDCADA strong sell trend here for NZDCAD we are within the triangle structure and below neckline too
NZDCAD SHORTPrice Action
BIAS
Daily : Short
4Hourly: Short
Price retraced to H4 horizontal level and created a H&S pattern. Price formed a lower low.
Set a short trade in H1 H&S neckline (Horizontal Level) Targeting daily swing low.
NZDCAD BUY SCENARIOI'm expecting to see price rallying from that price point i have shown since, where price is, i see a very deep price discount which is a nice place to buy
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NZDCAD: Price Action Bearish Signal 🇳🇿🇨🇦
NZDCAD formed a head & shoulders pattern after a test
of a recently broken horizontal structure support.
I think that the pair may continue falling, after
the release of Crude Oil Inventories data today.
Initial target - 0.8115
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NZD CAD PRICE - BACK TO IMBALANCE ZONE NZD CAD PRICE - BACK TO IMBALANCE ZONE we got a break out of up trend line nd takes retest after price will be down fall till support zone make a short entry as shown in the picture follow for more live updates
NZDCADNZDCAD is trading in strong bearish trend and consistently printing LL LHs. and is about complete ABCD pattern at strong daily resistance level. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the buy momentum continues the next target could be 0.80200
What you guys think of this idea
🔴NZDCAD Bearish ↘️We may enter short after correction .. as directed by Chart above
Weekly down
Daily down
4hrs about to follow trend heading down
We are searching for confirmation to Enter after few hours ..
Safe trade and Do risk management well
NZDCAD: Important Breakout & Bearish ContinuationThis week, NZDCAD broke through and closed below an important horizontal support level.
The broken support has now become a resistance level, which the market is currently retesting.
I anticipate a bearish trend continuing towards the levels of 0.8117 and 0.8070.
NZD/CAD has a strong bearish momentum, could it fall further?Price is rising towards a resistance level which is a pullback resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.81639
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement
Stop loss: 0.81898
Why we like it:
There is a pullback resistance level
Take profit: 0.81091
Why we like it:
There is an overlap support level
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NZDCAD Will Go Down! Short!
Here is our detailed technical review for NZDCAD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.818.
Considering the today's price action, probabilities will be high to see a movement to 0.814.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZDCADType of order: pending sell order.
Last week this pair suppose to go down and start to go higher and higher; so this week it needs to make a good retracement.
blessings.
Risk:reward 1:3
NZDCADNZDCAD can be attempted to short at LH (also bearish divergence occur) by placing Sell limit.
SL , TP mention in chart
Analysis at 1 hour
NZDCADNZDCAD is showing Bearish divergence and it break its Last HL plus its Trendline which shows potential break on uptrend sell on CMP with risk define previous highs
NZDCAD-Trend reversal NZDCAD is showing bullish divergance and it break its Last LH plus its Trendline which shows potential HH buy on breakout of Last LL
nzdcadnzdcad is trading in Bullish trend with no divergence at top secondly at 0.618-0.78 fib support AND At horizontal support and making HL
place buy with risk defined below Last low
