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NZDCAD trade ideas

NZDCAD - Expect retracement ✅Hello traders! ‼️ This is my perspective on NZDCAD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I expect price to make a retracement to fill that huge imbalance and then to reject from bullish order block. Fundamental analysis: This week on Wednesday (GMT+3) we will see results of Cash Rate on NZD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
NZDCAD Bullish Robbery plan to make moneyMy Dear Robbers / Traders, This is our master plan to Heist NZD/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
CAD/NZD Trade Alert - Bullish Opportunity at Key Support LevelThe CAD/NZD currency pair is currently positioned at a crucial support level, exhibiting strong technical indicators suggesting a potential upward movement. The identification of a Bullish RSI Divergence on both the 1-hour and 4-hour charts reinforces our bullish sentiment. Entry and Risk Management: Entry Point Our recommended entry point for this trade is at 1.2008. This level aligns with the support area, providing a strategic entry with a favorable risk-reward ratio. Stop Loss: To manage risk effectively, a stop loss should be placed at 1.1928. This ensures that any unexpected downward movement beyond the support level is contained, protecting our trading capital. Profit Targets: Take Profit Levels We have identified three key take profit levels for this trade: TP-1: 1.2088 TP-2: 1.2168 TP-3: 1.2247 These levels are strategically chosen based on historical resistance points and expected price action, offering incremental profit-taking opportunities. Confluence and Confidence: The confluence of the key support area with the Bullish RSI Divergence across multiple time frames adds significant confidence to our bullish bias. The RSI Divergence indicates a potential reversal and strength in buying pressure, suggesting that the CAD/NZD pair is poised for an upward correction. Conclusion: The current technical setup for CAD/NZD presents a compelling bullish opportunity. With the entry point at 1.2008, a well-placed stop loss at 1.1928, and clearly defined take profit targets, this trade setup offers a favorable risk-reward profile. Traders should monitor the price action closely and adjust their positions accordingly as the market evolves.
by trading_jupiter
NZDCAD: Bullish indices and Potential upsidesHey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.82600 zone, NZDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.82600 support and resistance area. We would also like to consider the current bullish bias on indices and the bearish USD, these factors are positive for commodity linked pairs like NZDCAD and AUDCAD due to the correlation. Trade safe, Joe.
Long
by JoeChampion