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NZDCAD trade ideas

NZDCAD Trade 0003 Bearish BiasHello Traders, I am pleased to present trade number 0003 in my 1000 trade challenge. Today, we are focusing on the NZDCAD pair, which has been exhibiting a ranging behaviour for most of the day. However, a favourable entry signal has been identified. Currently, the pair is trading around the 0.83000 level. The daily market structure indicates a bearish trend, which aligns with our trading strategy. It appears that the bullish momentum has weakened, creating a potential opportunity for us. My overall target for this trade is set at 0.81600, providing an attractive risk-to-reward ratio. In line with prudent risk management practices, I intend to secure partial profits at the 0.82500 mark to mitigate potential downside risks. This trade has been assigned a moderate risk level, reflecting a balanced approach to capital preservation and profit generation. By doing so, we aim to capitalize on market movements while maintaining a disciplined trading strategy. As always, I will be monitoring the trade closely and will provide updates as the situation evolves. The objective of this challenge is to refine our trading skills and enhance our understanding of market dynamics through practical application. Best regards, Renaldo Philander
Short
by Tradebudz
Bearish drop?NZD/CAD is rising towards the pivot which has been identified as an overlap resistance and could fall to the 1st support. Pivot: 0.8348 1st Support: 0.82764 1st resistance: 0.83837 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
NZDCAD Set To Grow! BUY! My dear subscribers, NZDCAD looks like it will make a good move, and here are the details: The market is trading on 0.8290 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8304 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDCAD BUY opportunityprice made a bottom near 0.77000 and from there made higher lows and higher highs. price had now broke out of a bullish triangle and re-tested the trendline and support area of 0.82500 tapping the -61 fib level, from here i expect price to push to the -27 fib area and the resistance of 0.86000, then a top area of 0.87500. Canadian dollar cut rates and expecting to cut again at next rate decision also weighing on the Canadian currency. not financial advice and is only my view on the market.
Long
by Adambulmantrades
NZDCAD SHORTSMarket Structure is Bearish on HTF DH Weekly and Daily in the same AOI Weekly Bearish engulfing Entry is at a very strong Weekly Rejection zone Daily Rejection at AOi Around Psychological Level 0.83500 H4 Candlestick rejection Entry at H4 LH Levels 5.38 Entry 75% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#Boost NB IF H4 breaks LH, Order becomes invalid
Short
by mobbie_zw
NZDCAD: ITF CURVE ANALYSIS (4D) - (UPDATE) DOWNTREND ADD-ONS!!✨ NZDCAD: ITF CURVE ANALYSIS (4D) ✨ (DOWNTREND) SLO2 @ 0.8525 - TRIGGERED (RUNNING/SHAVED) SLO1 @ 0.8450 - TRIGGERED (RUNNING/SHAVED) SLO2 @ 0.8350 ⏳ (ADD-ON) SLO1 @ 0.8325 ⏳ (ADD-ON) SSO @ 0.82878 ⏳ (ADD-ON) MO @ 0.8315 - TRIGGERED (ADD-ON) TP1 @ 0.83364 - TRIGGERED TP1a @ 0.8266 (Secret TP) TP2 @ 0.81702 TP3 @ 0.80614 BLO1 @ 0.80352 ⏳ (DO NOT SET YET - ONLY PRICE ALERTS) BLO2 @ 0.79717 ⏳ (DO NOT SET YET - ONLY PRICE ALERTS) 🔑 BLO = BUY LIMIT ORDER ITF = INTERMEDIATE TIME FRAME MO = MARKET ORDER SLO = SELL LIMIT ORDER TP = TAKE PROFIT NOTE: Our SLO's have already triggered and this trade is running strong. I've found a few areas (4 add-on orders) I see PA reacting at to continue the DT. Just sharing in this space for those who want to watch it happen. Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.
Short
by oktane
2