NZDCAD trade ideas
NZDCAD Swing SellI am looking to short NZDCAD this week. my DAILY selling zone was confirmed. Now I am looking to enter on the SUPPLY zone which caused BOS to the downside. Price has been retracing here correctively. TP target is the beginning of correction zone.
If entry is not reached I will be entering the trades when my LTF confirmation occurs in the 4hr marked zone. ( Grey box)
Safe trading!
Entry 0.83500
SL 0.83750 (25 Pips)
TP 0.832750 (75 Pips)
NZDCAD BUYI bought NZDCAD, targeting the 0.84011 level. The recent downtrend seems to be stabilizing around 0.83464, giving us a solid base for a potential rebound.
My strategy, suggests we’ll see some ups and downs but generally trend upwards towards 0.84011. I’m expecting this to play out over the next few days-weeks.
btw, I don’t use a stop loss; instead, I go based on market behavior and cycles to determine whether a trade is invalid or not. I’ll be watching the price action closely and might add to my position if we see minor dips. Using minimal leverage to keep things safe. 👊🏾
NZD/CADA Bearish Bat is a harmonic pattern used in technical analysis to identify potential reversal points in a financial market. It is based on Fibonacci retracement levels and consists of four price swings, creating a specific geometric shape that resembles a bat. Here's a breakdown of the pattern:
XA: The initial price move up.
AB: The retracement of the XA move, typically between 38.2% to 50% of the XA leg.
BC: The retracement of the AB move, typically between 38.2% to 88.6% of the AB leg.
CD: The final move, which is an extension of the BC move and should be between 161.8% to 261.8% of the BC leg, or a retracement of 88.6% of the XA leg.
The Bearish Bat pattern indicates a potential reversal from an uptrend to a downtrend. Traders often look for the pattern to complete at the D point, where they might consider entering a short position.
NZDCAD: One More Bearish Wave Ahead?! 🇳🇿🇨🇦
NZDCAD is trading in a minor bearish trend on a daily.
A recent violation of the low and a formation of a new lower low
indicates the dominance of the sellers.
I think that the market has a nice potential to drop lower.
I believe that a correctional movement will complete soon
and the pair will drop to 0.826 support.
❤️Please, support my work with like, thank you!❤️
NEW TRADE ✨ NZDCAD: LTF CURVE ANALYSIS (50m) ✨ (DOWNTREND)SLO2 @ 0.8371 ⏳
SLO1 @ 0.8336 ⏳
TP1 @ 0.83069
TP2 @ 0.82179
TP3 @ 0.81596
TP4 @ 0.81330
🔑
LTF = LOW TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Short-term time frames (1-minute to 3 hour):
— Highly volatile, price movements can be fast and unpredictable.
— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.
— Not ideal for beginners due to the risk and stress involved.
NZDCAD: Bearish Outlook ExplainedNZDCAD has been showing strong bearish momentum since mid-June.
The market successfully broke and closed below a significant horizontal support level on the 4-hour chart, which has now turned into a new resistance level.
This presents a good opportunity to sell as the market is expected to continue dropping. The next support level to watch for is at 0.8260.
