NZDCAD - SHORTPropose to take a lift and try a little bit NZDCAD SHORT.
Trade safely... do not be so greedy.
GOOD LUCK !
NZDCAD trade ideas
BOS -4H SWINGS AND STRUCTUREVideo for my friend for swing structres and bos
ratatatatatatatataatatatat
NZDCAD My Opinion! SELL!
My dear friends,
My technical analysis for NZDCAD is below:
The market is trading on 0.8344 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8310
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NZDCAD Sell position setupNZDCAD 4H
This is a classic inducement model that mostly occures on a powerful trend. We have a supply zone that was formed after price reacted from another valid zone above and breaking structure.
Price has been ranging below our supply zone hoping to collect as much liquidity as possible. Setups like this do not have confirmation as they are looked at as reversal setups and are perfectly executed like this through SMC trading strategy.
📉I shared this as part of my weekly setups. Our risk reward is atleast 1:5. Trades can be entered through risk entry ,(limit orders) or instant execution (manual/confirmation entry)
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
Fri 8th Nov 2024 NZD/CAD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a NZD/CAD Buy. Enjoy the day all. Cheers. Jim
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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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.
NZDCAD EXPECTATIONS I am expecting the bullish move to clear IRLQD smoothly before breaking a structure to the downside
NZDCAD Long: Another solid setup on Daily
NZDCAD was a trade I took long about 8 hours ago.
In the old days, when I would break every trading rule and chase the market, I would've done that this morning, but then I realised price is going to pull back for my entry after I analyse it's chart for at least 10 minutes.
It has recently pulled back to about a 50% Fib retracement,
NZDCADNZDCAD ( New Zealand Dollar / Canadian Dollar )
Bearish Channel as an Corrective Pattern in Short Time Frame and Bullish Channel as an Corrective Pattern in Long Time Frame. Break of Structure. RSI - Divergence. Completed " 1234 " Impulsive Waves
NZDCAD POSSIBLE MOVEI'm expecting price to fill my FVG then from there i will be looking for buying opportunities
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.
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
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 Will Go Lower! Sell!
Take a look at our analysis for NZDCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.833.
The above observations make me that the market will inevitably achieve 0.830 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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NZDCAD: Market Sentiment & Price Action
The recent price action on the NZDCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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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 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.
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!
