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NZDCAD trade ideas

7 Dimension Sell Setup FOR NZDCADCORE Analysis Method: Smart Money Concepts 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish with BOS Swing Move: Corrective move just reached at POI, making a deeper pullback for correction. Internal Structure: Bearish, aligning with the larger timeframe. POI: Momentum move in the low Premier zone. Time Frame Confluence: H4, H1, M15, M5. 2️⃣ Pattern 🟢 CHART PATTERNS: Double top with false breakout. 🟢 CANDLE PATTERNS: Shrinking candles with long wicks forming a hammer. Narrow range patterns are just starting. 3️⃣ Volume: Good volume observed in the move, but unable to breach this POI, indicating it might be just execution volume. 4️⃣ Momentum RSI: 🟢 In bearish momentum zone with range shift. 5️⃣ Volatility Bollinger Bands: 🟢 Contraction is just beginning, so the price might make a small range before moving further down. 6️⃣ Strength: NZD is weaker against CAD. 7️⃣ Sentiment: SELL. ✔️ Entry Time Frame: 15m ✅ Entry TF Structure: Bearish ✔ Entry Time POI: EXT ORDER BLOCK high probability ☑️ FIB Trigger: Activated 💡 Decision: SELL 🚀 Entry: 0.8337 ✋ Stop loss: 0.8360 🎯 Take profit: 0.8156 😊 Risk to reward Ratio: 8 RR 🕛 Expected Duration: 20 days SHORT SUMMARY The analysis identifies a bearish swing structure on the H4 time frame, with a corrective move that has just reached the Point of Interest (POI), making a deeper pullback for correction. The internal structure is bearish, aligning with the larger timeframe. The POI is in the low Premier zone, with time frame confluence observed in H4, H1, M15, and M5. A double top chart pattern with a false breakout is observed, along with shrinking candles forming a hammer. Narrow range patterns are just starting. Volume analysis indicates good volume in the move, but it is unable to breach the POI, suggesting it might be execution volume. The Momentum RSI is in a bearish momentum zone with a range shift. Bollinger Bands indicate that contraction is just beginning, suggesting the price might form a small range before moving further down. NZD is weaker against CAD, supporting the bearish sentiment. The decision is to sell at 0.8337, with a stop loss at 0.8360 and a take profit at 0.8156, providing an 8:1 risk to reward ratio. The expected duration for this trade setup is 20 days.
Short
by Optimum369
NZDCAD Massive Long! BUY! My dear friends, Please, find my technical outlook for NZDCAD below: The instrument tests an important psychological level 0.8260 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8294 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
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