CADNZD trade ideas
NZDCAD Buy ForecastNZDCAD New Forecast👨💻👨💻
Am expecting a bullish movement to 1.2+RR
This is my personal trade and not in anyway a mandatory setup.
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
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NZD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
NZD/CAD is making a bullish rebound on the 9H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.820 level.
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NZDCAD: Strong Bullish Signals 🇳🇿🇨🇦
I see 2 strong price action confirmations on NZDCAD:
the price broke a resistance line of a bullish flag
and then formed a confirmed change of character CHoCH on a 4H.
I think that the market will continue a bullish rally.
Next resistance - 0.83
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NZDCAD FORECAST This is the pair I'm watching closely today! In the higher timeframe, the price signals that more selling potential is about to come. I love the sequence in the lower timeframe. What I'm waiting for is to see if the price will develop a 1-2-3 structure, then look for a rejection candle as my confirmation for the risk entry.
Bullish bounce off overlap support?NZD/CAD is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 0.81661
1st Support: 0.81118
1st Resistance: 0.82660
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Potential bearish drop?NZD/CAD has reacted off the resistance level which lines up with the 127.2% Fibonacci extension and could drop from this level to our take profit.
Entry: 0.82762
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension.
Stop loss: 0.83048
Why we like it:
There is a resistance level that aligns with the 161.8% Fibonacci extension.
Take profit: 0.81723
Why we like it:
There is an overlap support level that lines up with the 509% Fibonacci retracement.
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NZD/CAD Triangle BreakoutThe NZD/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.8268
2nd Resistance – 0.8301
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