NZDCAD Looking at the NZDCAD i think it would promise a down trand due to the brake of trand line but still looking for more confirmations 👍.
NZDCAD trade ideas
NzdCAD SetupThis Setup for NZDCAD is valid on 1 hour time-frame. Look for LTF confirmation before entry.
NZDCAD- bullish trendThis chart shows RSI above 50 with double bottom and double top both patterns but we can see there isn't any bearish engulfing candle.
NZDCAD 24/04/2024Weekly:
-H&S pattern.
-Imbalance.
Daily:
-Bearish W pattern.
-IC.
4H:
-H&S pattern.
-IC.
-Imbalance.
NZDCAD Will Keep Growing!NZD-CAD finally broke the
Long-term falling resistance
Line and the breakout is
Confirmed so we are
Bullish biased and I think
The the pair will go higher
Mid-term !
$100k Challenge - NZDCAD Long - E6 T2Hey everyone!
Yet another trade idea for the challenge! In this one we have some positive feelings for the NZDCAD! 📈
When inspecting the H4 chart we immediately see how the market rejected almost instantly the support area, to then fail to create new lows and printing a strong bullish presence around the 22nd. I've been monitoring a potential long for a few days as I wanted to take advantage of this potential bull run.
Once I saw the market continuing upwards, I went to the H1 charts to search for a potential entry opportunity, I spotted a strong support area that was acting as the top range for a minor consolidation zone. When I saw the market trading again above the consolidation resistance, given that the zone previously acted as a strong support, I decided to zoom in a bit more.
Which takes us to the M30 chart, where we see the market making constant pushes towards the resistance zone, creating a bullish structure (higher lows higher highs), and when reading the recent price action, we see how the market appeared to have a strong selling presence, it failed to follow through, suggesting that the bulls have the upper hand! It's not as clean as I'd like the entry to be, but given the great 1:4 RR of the trade, it was enough to convince me!
Regarding risk and trade management, we have a standard approach: 1%, half of it to the first TP located at the H4 resistance area around the 0.8160 zone, and the second half with an open TP in case we see a break from that resistance, which can lead to a long-term bullish trend for the following few months.
Anyways, I hope you enjoyed the set up idea! Remember to follow so you can stay up to date with the trade ideas :)
Until the next trade!
NZDCAD BUY SCENARIOAs you can see, everything is highlighted, price is bullish in both weekly and daily time frame,
in 1 hour time frame price has raided the previous day high hence we expect to see retracement, and not just retracement but a price has to go to a deep discount in order to be bought.
after breaking the trendline it will just go for high chancesafter breaking the trendline it will just go for high chances
NZD CAD - A SMALL FLY MODE TO RESISTANCE HERE we can see that price formed consolidation after that took a break out to support balanced the liquidity at higher tm frames price created a double bottom pattern now price has to fill the liquidity at up resistance zone a small lone entry as shown in the picture follow for more live updates...
NXDCAD: further correction?A price action below 0.8095 supports a bearish trend direction.
Increase short exposure for a break below 0.8075.
The target price is set at 0.7985.
The stop-loss price is set at 0.8185 (its 200-day simple moving average).
An incomplete falling wedge patterns seems to be developing.
NZDCADWe can attempt to short NZDCAD from specified level as LH , 0.5 FIB , trendline resistance , EMA 100 occur.
SL , TP mention in chart
NZDCAD - LongEntry: from the bullish zone.
Stop Loss: below the bullish zone.
TP: TP1 and TP2
Don't Forget to practice proper risk management.
Continuing Bearish Trend: NZDCAD's Pattern of LH and LLThe NZDCAD pair persists in a bearish trajectory, characterized by successive lower highs and lower lows, indicating a likelihood of continued downward movement.
NZDCAD SHORT - WAIT FOR RETEST!Waiting for a break and retest of 0.81072 to short NZDCAD back to 4H swing low at 0.80510
If you agree drop a like and if you have any questions leave a comment :)
NZD-CAD Growth Ahead! Buy!
Hello,Traders!
NZD-CAD went down but
Will soon hit a rising support
Line so a bullish rebound is
To be expected
Buy!
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Check out other forecasts below too!
DAY TRADER SWING TRADER GBP/NZDHigher time frame clearly bearish but we can profit for a bullish correction after swing from the place i put the arrow swing sell good luck
✅NZD_CAD LONG FROM RISING SUPPORT🚀
✅NZD_CAD went down but
The pair will soon retest
The rising support from
Where we will be expecting
A local bullish rebound
LONG🚀
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NZDCAD Date 22nd April Week Analysis22nd April to 26th April Week Analysis.
It's all about probability. You can't predict price with 100% Accuracy, Atleast you can try it!
Watch the charts, If you like then do follow on X and Tradingview.
nzdcadAfter beautiful profits selling this asset we´ll look for buy opportunities.
Type of order: pending buy order.
Risk:reward 1:2.5
If price continue going up, we´ll remove it.
Blessings.
Good luck.
CADNZD Bullish Momentum Detected - Actionable Analysis InsideCADNZD is currently demonstrating a robust bullish momentum within a significant support zone, coupled with adherence to an ascending trendline, suggesting a favorable bullish trajectory. This analysis delves into key technical indicators to assess potential trading opportunities.
Key Technical Factors:
1. Bullish Momentum:
CADNZD exhibits a notable bullish sentiment, underscored by a sustained upward movement. This momentum is indicative of a strengthening buying pressure within the market.
2. Support Area:
The currency pair has encountered a key support zone, reinforcing the bullish bias. The confluence of buying interest at this level further bolsters the potential for upward price movement.
3. Bullish Trendline:
The presence of a bullish trendline underscores the continuity of the upward trajectory. The adherence to this trendline serves as a technical validation of the bullish sentiment prevailing in the market.
Trade Recommendation:
- Entry Point: Initiate long positions near 1.2255 to capitalize on the ongoing bullish momentum.
- Stop Loss: Place a stop loss order near 1.228 to mitigate potential downside risks and protect capital in the event of an adverse price movement.
- Take Profit Targets:
- TP-1: Set the first take profit target at 1.2314 to secure profits as the price continues its upward journey.
- TP-2: Aim for a secondary take profit target at 1.2358 to capitalize on further bullish momentum and maximize gains.
Risk Management:
It is imperative to exercise prudent risk management strategies, including the use of appropriate position sizing and adherence to stop loss levels, to safeguard against unexpected market fluctuations.
Conclusion:
In conclusion, CADNZD presents a compelling bullish opportunity supported by strong momentum, a key support area, and adherence to a bullish trendline. Traders are advised to consider the aforementioned trade parameters and exercise diligence in managing risk while pursuing potential profit opportunities in the market.
