NZDCAD POSSIBLE MOVEI'm expecting price to fill my FVG then from there i will be looking for buying opportunities
NZDCAD trade ideas
NZDCAD Buy opportunity at the bottom of the 1-year Channel Up.The NZDCAD pair hit our 0.85650 Target as discussed on our last idea (August 22, see chart below) and then got immediately rejected:
The rejection initiated the Bearish Leg of the 1-year Channel Up and the price is approaching once more the bottom (Higher Lows trend-line) of the pattern. The previous 2 Higher Lows were priced on the 0.236 Fibonacci retracement level, which is slightly below, but the 1D MACD is forming a Bullish Cross today, which has been an absolute buy signal this past year.
As a result, we turn bullish on this pair, targeting Resistance 1 at 0.86450.
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Bearish drop?NZD/CAD is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.83288
Why we like it:
There is a pullback resistance level.
Stop loss: 0.83746
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Take profit: 0.82617
Why we like it:
There is a pullback support level.
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28-10-2024 _ Short Term Bullish Idea _ NZDCAD H41. Price action approaching strong Support Zone.
2. Potential Bullish Divergence.
3. Enter at the break of the falling trendline coupled
with some candlestick pattern.
4. SL below Support zone and the Targets as shown in the plan.
NZDCAD 4hr ShortNZDCAD
✅ 4hr Short ✅
💰ENTRY: 0.82772
👎STOP LOSS: 0.83037
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing high Engulfing candle below the 50ema.
This is a great example of my systematic system.
31-10 ProbelegNZDCAD 4-11: opening of a new month The channel we have been following for a while remains current. The Macd starts from a bottom formed last week. We start with a small buy.
NZD/CAD Long D1Buy Stop Entry @ 0.83947
S/L @ 0.81188
T/P1 @ 0.86695
T/P2 @ --------
R.R.R. @ 1/1
Pure Price Action Trading based on Breakout of Key Levels.
NZDCAD pattern based analysis
NZDCAD strong structure of FALLING WEDGE pattern. We are have and RBA on 6.11 which is have positive impact on AUD and on NZD.
AUDCAD we can see strong bullish pushing from start of week, here same on NZDCAD expecting higher bullish trend.
SUP zone: 0.82700
RES zone: 0.84750, 0.85200
NZD/CAD continue with the UptrendOn NZD/CAD , it's nice to see a strong buying reaction at the price of 0.82780.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
NZDCAD - NEW BREAKOUTHello Traders !
The NZDCAD price failed to break the support level (0.82878 - 0.82987).
The last lower high is broken (Change of Character).
So, I predict a bullish move 📈
________________
TARGET: 0.83660🎯
Lingrid | NZDCAD bearish MOMENTUM in the MarketThe price perfectly fulfilled my previous idea. It reached the target zone. FX:NZDCAD is currently making lower lows and lower closes, indicating a strong bearish momentum. The price has been oscillating around the psychological level of 0.8300. Typically, markets tend to consolidate near key levels before a breakout, and given the overall bearish trend, it seems plausible that we could see a bearish impulse leg. I anticipate that the market may break below the previous day's low (PDL) and continue its movement downward, making further lower lows. If the price breaks convincingly below the PDL level, that could confirm the bearish sentiment and potentially lead to an acceleration in the downward trend. My goal is support zone around 0.82550
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
NzdCad Trade IdeaIf you seen my last NC set up than you know I was looking for shorts with price being in a range. My original plan was to wait on price to retest the level of resistance after crashing back down the level to continue the range. I did take my first loss of the week but price managed to flip structures after 2nd pullback which is where I decided to go for another position. TP ended up getting smacked for a solid risk to reward. Price can either continue bearish or retest support to continue the range.
NZD_CAD SUPPORT AHEAD|LONG|
✅NZD_CAD is going down to retest a horizontal support of 0.8281
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 0.8320
LONG🚀
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NZDCAD - Long SetupPrice swept previous week low and broke the structure (sign of strength), so I would expect to see price trade higher to opposite liquidity pools.
Keep it simple and consistent!
NzdCad Trade IdeaNzdCad is currently still in a range. Price has been bearish on all time frames so shorting the pair at a resistance level would be ideal here. Price managed to dump at resistance again so a pullback before going short on the pair will be my set up on this pair for the day. Another possible 1:3rr set up for the day. We'll see how this plays out. Longs would only come into play if price were to break above the level I'm personally looking to sell at.
NZD/CAD Shorting OpportunityThe daily chart shows a bearish fair value GAP that the price pulled back to and it's also an active order block.
Daily MACD is negative. This could be a good opportunity to go short. I will move to lower time frame and keep this updated.
NZDCAD is in the Bearish direction From Solid ResistanceHello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NZDCAD TODAYNZDCAD TODAY for me is sell.
I open order with SL to TP 1: 1
Risk 1% account
This is just my view
NzdCad Trade IdeaThis morning I published and hopped into some CadJpy shorts. Price ended up running against me. On October 17th I published NzdCad shorts and stated my reasons for going short on the pair. I was still overall bearish on the pair even with the set up breaking even last week. As long as price could hold bearish structures then we were definitely still heading to the downside. I ended up executing shorts on the pair at the last HL structure that was broken. Price is currently floating in profit making up for this mornings loss. I'll be looking for a 1:3rr on this set up. We could expect price to tap back into 82857.
NZDCAD BUY STOPNZDCAD is making lower Highs and lower Lows, it is in down trend but now it formed RSI divergence. it will likely to change its up trend into up trend so place the buy stop order above LH
28-10-2024 _ Short Term Bullish Idea _ NZDCAD H41. Price action approaching string Support Zone.
2. Potential Bullish Divergence.
3. Enter at the break of the falling trendline coupled
with some candlestick pattern.
4. SL below Support zone and the Targets as shown in the plan.
