NZDCAD - In ABCD Bearish Reversal HarmonicNZDCAD is analysed on a 30m time frame with a bearish divergence. I used ABCD harmonic pattern and initiated a trade after the bearish divergence at point B. I planned my trade from point B to C.
The Signal is:
EP: 0.83738
SL: 0.83877
TP: 0.83600
RR: 0.5%
Lots: 0.50
CADNZD trade ideas
NZDCAD Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for NZDCAD is below:
The price is coiling around a solid key level - 0.8327
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8366
My Stop Loss - 0.8301
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
NZDCAD - BEAUTIFUL MARKET SRUCTURE (SHORT TERM PERSPECTIVE)I picked interest in this pair. A strong bullish/momentum chart pattern setup got my attention. Price has also respected the fib levels (0.618, 0.50). There are potential Take Profit levels of 0.236 & 0.118 fib levels respectively. Also there is a SUPPORT where price might tend to pull back before continuing trend as it has broken out of descending trendline indicating a reversal. First target is a measured move based on candlestick pattern and overall Price Objective based on chart pattern. Also visible is hidden divergence with the stochastic indicator.
*NoTE - Canada cut rates recently, NewZeland left rates unchanged.
*Sentiment data show majority of Retail traders and holding onto losing positions and net SHORT on this pair.
NZDCAD SHORTbuyer's showing a lot of exhaustion
Market Structure Bearish on HTFs DH
Entry at Daily AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Strong Bearish move
Around Psychological Level 0.83500
H4 Candlestick rejection
Rejection from Previous structure
Levels 4.57
Entry 70%
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 Excellent buy opportunity on this pull-back.The NZDCAD pair gave us a great buy entry last time we looked at it (May 08, see chart below) and made a direct hit on our 0.8500 Target:
The price got heavily rejected straight after and just hit the 1D MA50 (blue trend-line) again. The pattern that seems to be prevailing is a Channel Up (blue). The last time we had a Higher High rejection on its top, the pair pulled-back to the 1D MA200 (orange trend-line) and then made a short-term bounce to the Internal Lower Highs trend-line.
As a result, we will be using this opportunity to buy and target 0.84500 (just below the symmetrical Lower Highs trend-line).
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NZDCAD: Long Trade with Entry/SL/TP
NZDCAD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long NZDCAD
Entry - 0.8318
Sl - 0.8284
Tp - 0.8377
Our Risk - 1%
Start protection of your profits from lower levels
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NZDCAD: Mind the Traps โ Here's Why Traders Lost MoneyIn this eye-opening video, I'll break down how sentiment meters and harmonic patterns can powerfully predict reversals, focusing on NZDCAD. Many traders lost money because they missed these crucial signals, and short sellers got trapped.
I'll walk you through the market action in June, showing exactly where I advised the best short positions and the unfortunate backlash of downvotes I received. Now, looking back, it's clear that my analysis was spot-on every time.
Join me as I dissect the trades and demonstrate how to avoid common pitfalls using advanced trading tools. Don't forget to like, comment, and subscribe for more insights and strategies to keep you on the winning side. Let's learn from these mistakes and improve our trading together! ๐๐น